Bernstein: Bitcoin Could Hit $500,000 By 2029, MSTR to $350

What happened

Bernstein, a research firm, predicts Bitcoin will reach $500,000 by 2029. At the same time, it lowered its price target for Strategy, a company that holds Bitcoin, to $350 per share because the company is issuing new shares faster than expected.

Confirmed

Global impact / market context

This matters because a major firm's forecast can influence investor confidence in Bitcoin. The lower Strategy target suggests that even with a high Bitcoin price, the company's value per share may be reduced by dilution, which means existing shareholders own a smaller piece of the company.

Analyst inference

This news comes amid ongoing interest in Bitcoin as an investment. Strategy's business model relies on buying Bitcoin with borrowed money, so its stock price is tied to Bitcoin's performance. Faster share issuance can lower the stock price even if Bitcoin rises, affecting investor returns.

Analyst inference

What to watch

1. Watch whether Bitcoin's actual price moves closer to Bernstein's $500,000 prediction by 2029, as this would validate their forecast and potentially boost investor confidence in the cryptocurrency. Confirmed
2. Investors should monitor Strategy's future share issuance plans, since faster dilution, which means more shares reducing each share's value, could push the stock below the new $350 target even if Bitcoin performs well. Proposed
3. Watch for other research firms' reactions, as they may adjust their own Bitcoin and Strategy price targets, which could influence broader market sentiment and trading activity in both assets. Analyst inference

Affected assets

• BTC — Bitcoin
• MSTR — MSTR2100

Evidence

• benzinga.com