Wall Street Investment Firm Bernstein Thinks Bitcoin Could Hit $300,000 by 2029. Is Bitcoin Now a Buy?
The next Bitcoin bull market cycle may have already started.
Wall Street investment firm Bernstein has raised its price target for Bitcoin, projecting it could reach $150,000 by mid-2027 and $300,000 by the end of 2029. In an optimistic scenario, the firm even envisions Bitcoin soaring to $500,000. This bullish outlook is driven by several factors, including the "debasement trade," where Bitcoin is viewed as an attractive hedge against government debt and rising fiscal deficits, particularly in a weakening dollar environment.
However, the decision to consider Bitcoin as a buy remains a matter of personal judgment, as the market dynamics and individual risk tolerance play crucial roles.
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