Corporations to Add $330 Billion in Bitcoin by 2029, Bernstein Predicts

Wall Street firm Bernstein has predicted that by the end of 2029, global corporate treasuries will see an additional $330 billion in Bitcoin purchases. This forecast is driven by the growing trend of corporations holding Bitcoin as part of their treasury strategies. According to Bernstein, microstrategy is expected to contribute around $124 billion to this total, with the remaining $205 billion coming from smaller and medium-sized enterprises.

The report highlights that the crypto-friendly regulatory environment in the United States is a significant driver of this trend. Currently, publicly traded companies hold approximately 720,000 BTC, which accounts for 2.4% of the total Bitcoin supply. This indicates a growing acceptance of Bitcoin as a viable asset for corporate treasuries.

However, Bernstein also cautions that MicroStrategy's model, which involves significant Bitcoin holdings, may not be easily replicable by other companies. The firm's aggressive strategy of converting its cash reserves into Bitcoin has set a precedent, but the risks and complexities involved may deter other corporations from following suit.

Despite the potential challenges, the overall trend suggests that more enterprises are likely to adopt Bitcoin as part of their treasury management strategies. The regulatory environment and the increasing acceptance of Bitcoin as a store of value are key factors driving this shift. As more companies recognize the benefits of holding Bitcoin, the total amount of Bitcoin held by corporate treasuries is expected to grow significantly over the next few years.