Corporates May Invest $330B in Bitcoin by 2029: Bernstein

Corporates May Invest $330B in Bitcoin by 2029: Bernstein
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Bernstein analysts predict corporations could pour $330 billion into Bitcoin over the next five years, signaling a shift from speculative asset to treasury staple. Small, cash-rich firms are expected to lead the charge, emulating MicroStrategy’s successful model. However, Bernstein warns replication isn’t guaranteed and hinges on BTC’s price trajectory.

  • MicroStrategy holds 555,450 BTC ($52.5B) with a $68,569 average purchase price, yielding 38% unrealized gains.
  • Small, cash-rich firms may drive $205B in BTC acquisitions by 2029, per Bernstein's base case.
  • Public companies collectively own over 723,000 BTC ($68B), with mining firms like Marathon Digital among top holders.
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