Bitcoin could see $330B in corporate inflows by 2029 – Bernstein report

• Berstein noted that small companies to FOMO into Strategy’s model and drive $205 billion BTC inflows. 
• Unlike Bernstein’s $500K price target by 2029, Ark Invest expected BTC to hit $2.4M by 2030. 

Global equity research firm Bernstein has projected that Bitcoin [BTC] could attract $330 billion in inflows from corporate treasuries by 2029. 

Part of the analysts’ note to investors read, 

“Over the next 5 years (CY25E-29E), we expect listed corporates to allocate ~$205Bn capital for Bitcoin acquisition, led by small-low growth companies, trying to emulate MSTR’s Bitcoin treasury model.” 

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In addition, Bernstein noted that Strategy (formerly MicroStrategy) would attract about $124 billion in inflows into BTC. The analysts cited Strategy’s recent $84 billion capital plan for BTC buys. 

This raises an important question: If confirmed, how would the projection influence Bitcoin’s price?

Bitcoin price impact

For starters, Bernstein maintained that the BTC could hit a cycle peak of $200K by the end of 2025.

Afterward, the asset could eye $500K by 2029 and rally to $1 million by the end of 2033. However, the analysts also warned of a one-year interval of a bear phase. 

The impact of institutional inflows into BTC has been a major price catalyst since U.S. spot ETFs debuted in early 2024. 

So far, the products have attracted cumulative inflows of $40.7 billion. In fact, analysts believe that the rally from $35K to $74K in 2024 was driven by these massive inflows. 

The attached Coinglass chart reiterated the above trend. Most ETF inflows (green bars) led to BTC price surges. On the contrary, outflows (red) tend to drag it lower. 

That said, Bernstein’s outlook was conservative compared to Ark Invest’s bold projection. Ark Invest expected BTC to hit $2.4 million by 2030 due to massive adoption and scarcity. 

Away from the bullish long-term outlook, BTC’s short-term recovery faced uncertainty ahead of the Fed rate decision on the 7th of May.

Despite erasing part of the recent gains, analyst Mathew Hyland stated that the asset was still in a bullish market structure provided it stays above $90K. 

“BTC structure is bullish. Favors higher in the future…”