Bitcoin price forecast 2029 by major hedge funds anticipates a

Bitcoin price forecast 2029 by major hedge funds anticipates a rally toward $150K, citing digital asset migration from altcoins to BTC as a dominance driver. The broker's BTC price forecast is driven by the unprecedented demand from spot exchange-traded funds (ETFs) and because supply of the cryptocurrency is constrained. Bernstein now estimates that bitcoin could reach $500,000 by 2029. The 2025 estimate was raised from $150,000. The role of Bitcoin in any portfolio ultimately hinges on an investor’s risk appetite and time horizon. What stands out in today’s market is the growing institutional confidence. Leading firms such as Strategy (formerly MicroStrategy), BlackRock, Fidelity, and ARK Invest are deepening their exposure through Bitcoin ETFs. Adding to this momentum, the Trump administration has introduced a more favorable regulatory backdrop, strengthening market sentiment. On-chain data echoes this conviction, with over 60% of Bitcoin’s supply remaining untouched since early 2022—an indicator of long-term confidence among holders. Blockchain activity trends show steady growth in transaction volume, reinforcing Bitcoin price forecast 2029 expectations between $125K and $145K.