⸺ Bull case · November 15, 2024 ⸺
Bernstein
Research (Gautam Chhugani & Mahika Sapra)Institution
“$200,000 by 2025, $500,000 by 2029 and $1 million per token by 2033.”
Price at the call
$91,059
Today
$61,577
Target · 2033
$1M
Boldness of the call×11.0
Progress to target0.0%
Needs another ×16.2 from today’s $61,577.
If you’d listened
×0.68
-32% since the call
Annualized audacity
31%/yr
required return per year
Skin in the game
38/100
Sell-side research only — a call, not a position.
Bernstein's full forecast curve runs to $1M by 2033, driven by ETF-led structural demand against fixed supply — 'the watershed moment that brought in structural demand from traditional pools of capital.'