Bitcoin to See Additional $330B of Corporate Treasury Inflows by 2029: Bernstein

Bitcoin to See Additional $330B of Corporate Treasury Inflows by 2029: Bernstein


Corporate treasury buying of bitcoin (BTC) could reach $330 billion by the end of 2029, broker Bernstein said in a research report Monday.

Strategy (MSTR) is likely to be the largest buyer, with an additional $124 billion of the world’s largest crypto, in the broker’s bull case. The company led by Michael Saylor announced a further $21 billion at-the-market common stock offering last week to buy more bitcoin.

STORY CONTINUES BELOW

Don’t miss another story.Subscribe to the Crypto for Advisors Newsletter today. See all newsletters svg]:max-w-[theme(spacing.8)] transition-transform-colors-opacity motion-reduce:transition-none text-default-foreground data-[hover=true]:opacity-hover w-full md:w-auto bg-new-yellow”>

Trending: Glenn Beck says if you live in THIS state, get out NOW

Sign me up

By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!