The research company Bernstein made an important Bitcoin (BTC) prophecy: "In the year 2029..."

According to a new research report by brokerage firm Bernstein, global institutional treasury investments in Bitcoin could rise to $330 billion by the end of 2029.

Bernstein’s analysts, led by Gautam Chhugani, predict that public companies will significantly increase their Bitcoin holdings over the next five years, led by MicroStrategy, the largest institutional holder of BTC. According to Bernstein’s bullish scenario, MicroStrategy could add Bitcoin worth $124 billion to its balance sheet.

The strong Bitcoin advocate Michael Saylor’s company, led by him, recently applied for a $21 billion public offering aimed at acquiring even more Bitcoin. MicroStrategy also announced last week that it purchased 1,895 BTC for $180.3 million.

The report indicated favorable conditions for institutional participation in digital assets, stating that “the U.S.'s crypto-friendly regulatory regime has further accelerated the growth of institutional ownership of Bitcoin.”

Bernstein estimates that beyond MicroStrategy, smaller publicly traded companies with limited growth trying to adopt similar treasury strategies could collectively contribute about $205 billion to Bitcoin purchases.

Currently, publicly traded companies hold 720,000 BTC, which is approximately 2.4% of the total Bitcoin supply. However, the report notes that “it is difficult for most firms to replicate MicroStrategy’s scale and success,” stating that “replicating the scale of Strategy is hard.”