Bernstein sees bitcoin's path to a $5 trillion market cap through $249,000
- —Bitcoin's market cap is about $1.64 trillion at a price near $81,000
- —Bernstein expects BTC near $300,000 at the 2029 cycle peak
- —US spot bitcoin ETFs saw $615 million in net outflows from Oct 1 to 16
- —Strategy bought 250 BTC for $21.5 million, spending nine times more on STRC buybacks
Why it matters: The target shows that market cap growth does not require $3.4 trillion in direct inflows, but hinges on sustained ETF and corporate demand.
Source: Cryptocurrency.tech