Bernstein Predicts Enterprises Will Rebuy $330 Billion Worth of Bitcoin by 2029

Blockbeats
06 May

BlockBeats News, May 6th, according to CoinDesk's report, Wall Street firm Bernstein expects that by the end of 2029, global corporate treasuries will see an additional $330 billion in Bitcoin purchases. Among them, MicroStrategy is expected to contribute around $124 billion, with the remaining $205 billion coming from slower-growing small and medium-sized enterprises.

The report points out that the crypto-friendly regulatory environment in the United States is driving the corporate holding trend, with publicly traded companies currently holding approximately 720,000 BTC, accounting for 2.4% of the total supply. However, Bernstein also warns that MicroStrategy's model is difficult to replicate comprehensively.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10