The price of bitcoin will soar above $1 million in less than ten years, and hit $500,000 by 2029, according to a recent report from AllianceBernstein.
The price of bitcoin will soar above $1 million in less than ten years, hitting $500,000 by 2029, according to a recent report from AllianceBernstein.
In the next year, bitcoin will be on track to reach $200,000, a considerable lift from the modest prices bitcoin has shown in recent weeks.
However, despite bitcoin's recent dip in value, market analysts project continued growth over the next year. "Bitcoin being the younger asset has more headroom to grow while being adopted within asset allocation portfolios," the AllianceBernstein report said.
With the launch of spot bitcoin exchange-traded funds (ETFs) in January, the 11 new investment vehicles are collectively managing approximately $55 billion in assets. This number is relatively modest compared to the assets of gold ETFs, which are managing $210 billion. AllianceBernstein said that bitcoin ETFs were only managing 0.16% in addressable asset pools.
More than two-thirds of inflows to ETFs stem from retail investors today, AllianceBernstein said, but the firm forecast that institutional adoption of bitcoin ETFs was impending from wealth platforms, registered investment advisers, and wirehouses.
Bitcoin may hit $1 million by 2033, report says
Three major bitcoin sell-offs trigger market anxiety
Why this 21-year-old raised $38 million to take on scaling Ethereum
AllianceBernstein underscored the supply and demand dynamics of bitcoin amid the quadrennial bitcoin halving, which most recently in April saw miners' newly minted bitcoin rewards slashed from 6.25 BTC to just 3.125 BTC, impacting their overall profitability.
After the May 2020 halving, corporate interest from firms including MicroStrategy (NASDAQ:MSTR) – the world's largest corporate holder of BTC on its balance sheets – Grayscale and Tesla (NASDAQ:TSLA) drove a price surge for the world's largest cryptocurrency.
The firm also noted that significant upward price explosions were typically influenced by a variety of factors, including sell pressure after the bitcoin halving every four years and the reduced bitcoin supply from HODL (hold on for dear life) investors, who tend to keep bitcoin even amid dramatic price jumps and dips.
The above is the detailed content of Bitcoin May Hit $1 Million by 2033, Report Says. For more information, please follow other related articles on the PHP Chinese website!
Pi Node Teaching: What is a Pi Node? How to install and set up Pi Node?Mar 05, 2025 pm 05:57 PMDetailed explanation and installation guide for PiNetwork nodes This article will introduce the PiNetwork ecosystem in detail - Pi nodes, a key role in the PiNetwork ecosystem, and provide complete steps for installation and configuration. After the launch of the PiNetwork blockchain test network, Pi nodes have become an important part of many pioneers actively participating in the testing, preparing for the upcoming main network release. If you don’t know PiNetwork yet, please refer to what is Picoin? What is the price for listing? Pi usage, mining and security analysis. What is PiNetwork? The PiNetwork project started in 2019 and owns its exclusive cryptocurrency Pi Coin. The project aims to create a one that everyone can participate
Top 10 virtual digital currency app platforms in the world, the top ten virtual currency trading platforms in 2025Mar 05, 2025 pm 08:00 PMWith the booming development of the virtual currency industry, virtual digital currency trading platforms around the world are becoming increasingly stronger. This article focuses on the top ten virtual digital currency app platforms in the world in 2025, including Binance, OKX, Gate.io, Kraken, Gemini, FTX, Bybit, KuCoin, Huobi and Coinbase. These platforms are known for their advanced features, a wide range of transaction pairs, low fees and stable performance, providing users with a wide range of virtual currency trading options.
Various ETF issuers compete to apply for Solana ETF! But why is BlackRock still absent?Mar 03, 2025 pm 06:33 PMMany ETF issuers are scrambling to apply for SolanaETF, but BlackRock is still holding back? This article will interpret this phenomenon. SolanaETF application boom The Securities and Exchange Commission (SEC) has accepted SolanaETF applications submitted by several institutions, including Bitwise, 21Shares, VanEck, CanaryCapital and Grayscale. Bloomberg predicts that the probability of Solana spot ETF being approved by the end of the year is as high as 70%, which is closely related to the Trump administration's friendly attitude towards cryptocurrencies. The establishment of Franklin's "Franklin SolanaTrust" also implies its potential application for SolanaETF. However, Sol
![Bitcoin [BTC] was on a downtrend after losing the $92,000-support level in the final week of February](https://img.php.cn/upload/article/001/246/273/174209101774967.jpg?x-oss-process=image/resize,p_40)
Bitcoin [BTC] was on a downtrend after losing the $92,000-support level in the final week of FebruaryMar 16, 2025 am 10:10 AMTechnical indicators such as the OBV showed that selling pressure has been dominant, meaning more losses may be likely ahead.
Understand the current situation and future of MEV on a single articleMar 04, 2025 pm 05:06 PMSui Blockchain's MEV (Maximum Extractable Value) strategy and future outlook MEV have become the core issues in the blockchain field, which are related to transaction sorting and arbitrage opportunities. Sui is committed to guiding the development of MEV through Sui Improvement Proposal (SIP) and other mechanisms, ensuring transparency, transaction security, network health, and participant rewards. In addition to existing mechanisms, more mechanisms are planned to be introduced to ensure that its core principles can effectively guide the evolution of MEVs on Sui. Design principles and considerations Sui's every transaction contains potential profit opportunities. Sui's MEV ecosystem consists of the following mechanisms: MEV transaction submission mechanism MEV opportunity release mechanism MEV
Qubetics ($TICS): The Revolutionizing AI CryptoMar 23, 2025 am 10:08 AMCryptocurrency has always been a realm where the cutting edge of technology meets bold ambition, and it's only getting more exciting in the future. As artificial intelligence continues to grow in influence, there are a handful of digital assets that
PI price forecast: How high can PI coins rise?Mar 03, 2025 pm 07:27 PMSince the launch of PiNetwork (PI)'s independent network, it has continued to attract the attention of the cryptocurrency community. In contrast to the recent sluggish performance of mainstream cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and Solana (SOL), the price of PI has risen against the trend. PI cryptocurrency: Binance listing may become a catalyst for price surge PINetwork (PI) price upward momentum Strong PI is currently priced at $1.6750, far higher than the previous low of $0.6020. Trading activity and investor interest continue to grow, and PI's future price trend has become the focus of market attention. PI market performance: Strong rebound and key resistance levels PI mainnet started at the beginning
Top 10 Free Virtual Currency Exchanges Rankings The latest top ten virtual currency APP trading platformsMar 11, 2025 am 10:18 AMThe top ten free virtual currency exchanges are ranked: 1. OKX; 2. Binance; 3. Gate.io; 4. Huobi Global; 5. Kraken; 6. Coinbase; 7. KuCoin; 8. Crypto.com; 9. MEXC Global; 10. Bitfinex. These platforms each have their own advantages.
Hot AI Tools
Undresser.AI Undress
AI-powered app for creating realistic nude photos
AI Clothes Remover
Online AI tool for removing clothes from photos.
Undress AI Tool
Undress images for free
Clothoff.io
AI clothes remover
AI Hentai Generator
Generate AI Hentai for free.
Hot Article
Hot Tools
DVWA
Damn Vulnerable Web App (DVWA) is a PHP/MySQL web application that is very vulnerable. Its main goals are to be an aid for security professionals to test their skills and tools in a legal environment, to help web developers better understand the process of securing web applications, and to help teachers/students teach/learn in a classroom environment Web application security. The goal of DVWA is to practice some of the most common web vulnerabilities through a simple and straightforward interface, with varying degrees of difficulty. Please note that this software
PhpStorm Mac version
The latest (2018.2.1) professional PHP integrated development tool
SublimeText3 Mac version
God-level code editing software (SublimeText3)
MinGW - Minimalist GNU for Windows
This project is in the process of being migrated to osdn.net/projects/mingw, you can continue to follow us there. MinGW: A native Windows port of the GNU Compiler Collection (GCC), freely distributable import libraries and header files for building native Windows applications; includes extensions to the MSVC runtime to support C99 functionality. All MinGW software can run on 64-bit Windows platforms.
ZendStudio 13.5.1 Mac
Powerful PHP integrated development environment
