Bernstein forecasts Bitcoin reaching $1M by 2033

Bitcoin's price could surge to new highs due to a "supply squeeze" from increasing corporate accumulation and ETF inflows, according to The Block, citing analysts from research and brokerage firm Bernstein. About 80 companies now hold 700,000 BTC, or 3.4% of the total supply and Bitcoin ETFs and corporate treasuries account for nearly 9% of the total supply. Bernstein estimates Bitcoin could reach $200,000 by the end of 2025, $500,000 by 2029 and $1 million by 2033, driven by strong demand dynamics and limited supply.