Bernstein Predicts $330 Billion Surge in Bitcoin Holdings by Corporates by 2029, Driven by MicroStrategy’s $124 Billion Contribution

According to a report from CoinDesk dated May 6th, **Bernstein**, a prominent Wall Street firm, projects that by the close of 2029, global corporate treasuries are poised to increase their **Bitcoin** allocations by an impressive **$330 billion**. A significant portion of this investment, estimated at **$124 billion**, is attributed to **MicroStrategy**, while the remaining **$205 billion** is anticipated to stem from the participation of small to medium-sized enterprises. This trend is largely fueled by a supportive **regulatory framework** for cryptocurrencies in the United States, which is enhancing the inclination of publicly traded companies to accumulate **Bitcoin**. Currently, these corporations hold around **720,000 BTC**, representing **2.4%** of the total supply. However, Bernstein cautions that MicroStrategy’s particular investment strategy is not easily replicable on a broader scale.

Source: https://en.coinotag.com/breakingnews/bernstein-predicts-330-billion-surge-in-bitcoin-holdings-by-corporates-by-2029-driven-by-microstrategys-124-billion-contribution/