Bitcoin Could Hit $300K by 2029 as ‘Debasement Trade’ Gains Momentum, Bernstein Says
Global brokerage and research firm Bernstein projected that the price of Bitcoin will reach a cycle peak of $300,000 by 2029. Analyst Gautam Chhugani explained that the pioneer cryptocurrency is positioned as the primary macroeconomic beneficiary of the debasement trade, fueled by the ongoing devaluation of fiat currencies amid high fiscal deficits across major economies.
This forecast comes in response to the end of a four-decade cycle of low interest rates, forcing governments to issue more liquidity to sustain record sovereign debts. According to the firm, BTC’s algorithmic scarcity and a solid base where 60% of holders do not sell during sharp downturns reinforce its role as an institutional reserve asset.
As a next step, the analysis targets an intermediate milestone of $150,000 by mid-2027 before aiming for the new cycle high in 2029, consolidating the institutional adoption cycle.
Source: https://lix.li/kOlgCE
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