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Gautam Chhugani, a top analyst at research and brokerage firm Bernstein, has updated Strategy’s financial forecast. Strategy is a well-known Bitcoin (BTC) treasury company.
This update comes after the company’s Q4 financial results and recent Bitcoin purchases. The new forecasts outline two scenarios for the company’s Bitcoin holdings, which depend heavily on market conditions in the coming years.
Details of Bernstein’s Predictions
Bernstein predicts that Strategy’s Bitcoin holdings could increase to over 1 million BTC by 2033. Similarly, analysts believe Bitcoin might reach $1 million by the end of 2033. This expectation comes from the firm’s aggressive plan to purchase more Bitcoin and its belief that it will be a valuable asset in the long run.
Bernstein analysts also warn that Strategy’s Bitcoin holdings may stop increasing if a bear market lasts long after 2025. This would slow Bitcoin’s price growth and limit the company’s ability to increase its BTC reserves.
A severe market downturn could harm the firm’s finances, leading it to sell some of its Bitcoin holdings to stay afloat. This situation could impact the company’s stock performance and create more selling pressure in the Bitcoin market. While there is an optimistic long-term outlook, the risks of market volatility and downturns are also significant.
Bernstein Sees Strategy Experience Mind-Blowing Growth
Recall that analysts saw the possibility of Strategy being added to the Nasdaq 100 index last year.
This addition significantly increases the company’s visibility and leads to significant buying activity. Meanwhile, the company’s BTC acquisition strategy continues to draw attention as Bernstein analysts project that its holdings could swell to 4% of BTC’s circulating supply by 2033.
However, naysayers mentioned that Strategy’s plan is no longer unique and mentioned Metaplanet, which also holds significant Bitcoin reserves. They also said that other major industry players and countries are signaling interest in the digital asset, which potentially hints at future shifts in market dynamics.
Strategy and Relentless Bitcoin Accumulation
Recently, the Bitcoin treasury company led by Michael Saylor acquired 6,911 BTC, bringing Strategy’s total Bitcoin holdings to over half a million BTC, as reported by TheCoinRise.
Strategy currently has 506,137 BTC, which is worth over $44 billion. The firm’s unrealized profit is over $10 billion. Analysts emphasize that this staggering profit is why Saylor remained a Bitcoin advocate.
With this move, Strategy has approximately 2.4% of Bitcoin’s total supply of 21 million. The company is inching closer to having half of Satoshi Nakamoto’s estimated 1.1 million BTC holdings. It is worth noting that the firm has made this staggering accumulation in less than five years.
