Bernstein: Bitcoin Could Reach $300,000 by 2029

US-based financial firm Bernstein has announced a new and ambitious price target for Bitcoin. In its report, the firm projects that Bitcoin could rise to $150,000 by mid-2027 and to $300,000 by 2029. This forecast has resonated widely across the cryptocurrency market. Bernstein analysts attribute this optimistic outlook to increasing institutional demand and global debt concerns. The report states that growing interest from large-scale investors and macroeconomic uncertainties have strengthened Bitcoin's perception as a safe haven. The firm emphasized that the rising global debt burden poses risks to traditional markets, driving investors toward alternative assets. It noted that Bitcoin's limited supply and decentralized nature could contribute to its value appreciation in this environment. This ambitious target marks a significant upward revision compared to Bernstein's previous forecasts. However, analysts added that high volatility in the cryptocurrency market and regulatory uncertainties could pose risks to the realization of this scenario. This is not investment advice.