Bitcoin Expected to Receive $330 Billion from Corporate Treasury Inflows by 2029, Says Bernstein

Bitcoin (BTC) is poised to attract a significant influx of corporate treasury capital, with estimates suggesting $330 billion will flow into the cryptocurrency by 2029, as per a new report from Bernstein.

The report predicts that companies will increasingly turn to Bitcoin as a reserve asset, driven by the potential for higher returns and growing institutional acceptance. Bernstein forecasts that over the next five years, companies such as MicroStrategy (MSTR), known for its large Bitcoin holdings, will continue to lead the charge in bitcoin adoption. MicroStrategy alone is expected to contribute a substantial portion of the $330 billion, with plans to purchase more Bitcoin in the coming years.

This shift is largely attributed to favorable regulatory changes in the United States, which have made it easier for businesses to invest in and hold Bitcoin. Bernstein analysts also point to rising inflation concerns, which have pushed companies to explore alternative assets that can protect their purchasing power.

In addition to MicroStrategy’s involvement, Bernstein expects other large public companies to follow suit, investing over $200 billion into Bitcoin by 2029. The firm believes this trend will gain momentum as more corporations recognize the asset’s potential as a hedge against economic instability.

As of today, public companies hold about 720,000 BTC, representing roughly 2.4% of Bitcoin’s total supply. While MicroStrategy’s dominance in this space is evident, Bernstein notes that more businesses are becoming increasingly comfortable with adding Bitcoin to their balance sheets.

Despite market volatility, the growing institutional interest in Bitcoin could help establish it as a mainstay in corporate treasuries, ultimately driving the cryptocurrency’s value upward in the years to come.