Bernstein Bitcoin price forecast: $150K by 2027, $300K by 2029
Bernstein has put a number on what many crypto investors have been asking for years: how high can Bitcoin realistically go, and when. The investment bank’s latest Bitcoin price forecast puts the next major peak at $300,000 by 2029, framing the world’s largest cryptocurrency as the primary beneficiary of a broader shift away from traditional fiat currencies. The call comes from Bernstein analyst Gautam Chhugani, who ties the projection to what he calls the “debasement trade” — a strategy built around holding scarce assets while governments face growing pressure to let their currencies weaken.
Key takeaways
- Bernstein projects Bitcoin will hit $300,000 by 2029, based on its price-to-marginal-cost ratio model.
- Analyst Gautam Chhugani expects a new all-time high near $150,000 by mid-2027.
- The bank believes four decades of falling interest rates are ending, straining government budgets worldwide.
- Bernstein argues policymakers will likely favor currency debasement over painful fiscal tightening.
- About 60% of Bitcoin holders reportedly stay put even through drawdowns larger than 50%.
Bernstein’s Bitcoin Price Forecast to 2029
Bernstein’s Bitcoin price forecast rests on a specific valuation tool rather than a gut feeling about market sentiment. The firm expects Bitcoin to climb toward $300,000 by 2029, positioning the asset as a direct hedge against weakening fiat currencies caused by mounting sovereign debt pressures.
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