Summary
- Bernstein has projected that public companies' Bitcoin purchase volume will reach $330 billion by the end of 2029.
- The report predicts that MicroStrategy will purchase $124 billion worth of Bitcoin.
- Other public companies will allocate $205 billion to Bitcoin purchases, with low-growth small companies expected to lead this trend.
Virtual asset (cryptocurrency) research and brokerage firm Bernstein has projected in a report that public companies' Bitcoin (BTC) purchase volume will reach $330 billion by the end of 2029.
According to cryptocurrency specialist media CoinDesk on the 5th (local time), the report predicts that a single company, MicroStrategy (MSTR), will purchase approximately $124 billion worth of Bitcoin over the next five years, while other public companies will allocate about $205 billion to Bitcoin purchase strategies.
It is particularly noted that low-growth small companies mimicking MicroStrategy's Bitcoin purchase strategy are expected to lead this trend.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
!["No U.S. government backstop" shock…Bitcoin retreats to the $60,000 level; Ethereum also rattled [Lee Su-hyun’s Coin Radar]](https://media.bloomingbit.io/PROD/news/a68e1192-3206-4568-a111-6bed63eb83ab.webp?w=250)
