BREAKING
280d 19h ago

Bernstein Predicts $330 Billion Surge in Bitcoin Holdings by Corporates by 2029, Driven by MicroStrategy’s $124 Billion Contribution

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3

According to a report from CoinDesk dated May 6th, **Bernstein**, a prominent Wall Street firm, projects that by the close of 2029, global corporate treasuries are poised to increase their **Bitcoin** allocations by an impressive **$330 billion**. A significant portion of this investment, estimated at **$124 billion**, is attributed to **MicroStrategy**, while the remaining **$205 billion** is anticipated to stem from the participation of small to medium-sized enterprises. This trend is largely fueled by a supportive **regulatory framework** for cryptocurrencies in the United States, which is enhancing the inclination of publicly traded companies to accumulate **Bitcoin**. Currently, these corporations hold around **720,000 BTC**, representing **2.4%** of the total supply. However, Bernstein cautions that MicroStrategy’s particular investment strategy is not easily replicable on a broader scale.

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