Bernstein: $330 Billion in Bitcoin Investments by 2029

Analysts from Bernstein, an asset management firm, have projected that over the next five years, companies could invest more than $300 billion in Bitcoin. This forecast is based on the assumption that more firms will adopt the strategy of holding Bitcoin as a core part of their balance sheets, similar to the approach taken by Strategy, formerly known as MicroStrategy.

Strategy has already made significant investments in Bitcoin, holding 555,450 BTC, which was purchased at an average cost of $68,550 per coin, totaling approximately $38 billion. Recently, the company acquired an additional 1,895 BTC for $180 million. Bernstein's report suggests that if other companies follow Strategy's lead, corporate treasury investments in Bitcoin could reach $330 billion by 2029, with Strategy potentially contributing $124 billion of that total.

Bernstein's analysis indicates that companies with slow growth and excess cash may find Bitcoin an attractive alternative for investment. Between 2025 and 2030, listed firms alone could direct $205 billion toward Bitcoin, with an additional $124 billion potentially invested by companies following Strategy's systematic approach to Bitcoin investment.

Currently, public companies hold approximately 720,898 BTC, valued at nearly $68 billion, which represents a 3.4% share of the total Bitcoin supply. Private companies are also significant holders, possessing around 398,323 BTC, valued at over $37 billion. The increasing corporate ownership of Bitcoin is occurring alongside evolving regulations and accounting practices, which may facilitate easier access for companies to invest in Bitcoin.

Bernstein highlights that the limited supply of Bitcoin and the increasing demand from corporations could drive up prices. Strategy's innovative systems and tools have enabled it to continue purchasing Bitcoin even during challenging market conditions, setting a framework for other companies to follow. This trend suggests that Bitcoin could become a more integral part of corporate treasury strategies in the coming years, potentially leading to significant investments and influencing the cryptocurrency's market dynamics.