Banks&#8217; ability to execute riskless principal crypto trades may enhance market 
liquidity and foster innovation while ensuring regulatory compliance.
The post OCC confirms banks can execute riskless principal crypto transactions 
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OCC confirms banks can execute riskless principal crypto transactions

Wall Street research firm Bernstein has reiterated one of the boldest long- 
term calls in traditional finance, confirming a $1 million Bitcoin price 
target for 2033 while materially revising how and when it expects the market 
to get there. Bernstein Keeps $1 Million Price Target For Bitcoin The latest 
shift surfaced after Matthew Sigel, head of digital assets research at VanEck, 
shared an excerpt from a new Bernstein note on X. In it, the analysts write: 
“In view of recent market correction, we believe, the Bitcoin cycle has broken 
the 4-year pattern (cycle peaking every 4 years) and is now in an elongated 
bull-cycle with more sticky institutional buying offsetting any retail panic 
selling.” The analyst from Bernstein added: “Despite a ~30% Bitcoin 
correction, we have seen less than 5% outflows via ETFs. We are moving our 
2026E Bitcoin price target to $150,000, with the cycle potentially peaking in 
2027E at $200,000. Our long term 2033E Bitcoin price target remains 
~$1,000,000.” Related Reading: Did 2025 Mark A Bear Market For Bitcoin? 
Predictions Point To A $150,000 Rally In 2026 This marks a clear evolution 
from Bernstein’s earlier cycle roadmap. In mid-2024, when the firm first laid 
out the $1 million-by-2033 thesis as part of its initiation on MicroStrategy, 
it projected a “cycle-high” of around $200,000 by 2025, up from an already- 
optimistic $150,000 target, explicitly driven by strong US spot ETF inflows 
and constrained supply. Subsequent commentary reiterated that path and framed 
Bitcoin firmly within the traditional four-year halving rhythm: ETF demand 
would supercharge, but not fundamentally alter, the classic post-halving boom- 
and-bust pattern. Reality forced an adjustment. Bitcoin did break to new highs 
on the back of ETF demand, validating Bernstein’s structural call that 
regulated spot products would be a decisive catalyst. However, price action 
has fallen short of the earlier timing: the market topped out in the 
mid-$120,000s rather than the $200,000 band originally envisaged for 2025, and 
a roughly 30% drawdown followed. Related Reading: Bitcoin To Hit $50 Million 
By 2041, Says EMJ Capital CEO What changed is not the end-state, but the path. 
Bernstein now argues that the four-year template has been superseded by a 
longer, ETF-anchored bull cycle. The critical datapoint underpinning this view 
is behavior in the recent correction: despite a near one-third price decline, 
spot Bitcoin ETFs have seen only about 5% net outflows, which the firm 
interprets as evidence of “sticky” institutional capital rather than the 
reflexive retail capitulation that defined previous tops. In the new 
framework, earlier targets are effectively rescheduled rather than abandoned. 
The mid-2020s six-figure region is shifted out by roughly one to two years, 
with $150,000 now penciled in for 2026 and a potential cycle peak near 
$200,000 in 2027, while the 2033 $1 million objective is left unchanged. In 
that sense, Bernstein’s track record is mixed but internally consistent. The 
firm has been directionally right on the drivers—ETF adoption, 
institutionalization, and supply absorption—but too aggressive on the speed at 
which those forces would translate into price. The latest note formalizes that 
recognition: same destination, slower ascent, and a Bitcoin market that 
Bernstein now sees as governed less by halvings and more by the behavior of 
large, ETF-mediated capital pools over the rest of the decade. At press time, 
BTC traded at $90,319. Featured image created with DALL.E, chart from 
TradingView.com

Wall Street Giant Bernstein Predicts Bitcoin Price To Hit $1 Million By 2033

Bitcoin climbed past $94K as markets priced in a Fed rate cut for tomorrows 
meeting, lifting the broader crypto market.
The post Bitcoin reclaims $94K ahead of tomorrow’s Fed meeting appeared first 
on Crypto Briefing.

Bitcoin reclaims $94K ahead of tomorrow’s Fed meeting

Bitcoin jolted to an intraday high of more than $94,300 on Dec. 9, delivering 
a clean snapback from last week’s lows as technical signals finally aligned to 
give traders the comeback they were hunting for. Bitcoin Jumps With Technical 
Indicators Flipping in Its Favor Bitcoin didn’t merely recover; it snapped 
back with attitude. After flirting […]

Bitcoin Snaps Back to $94K as Traders Eye Bullish Reversal

The surge in Bitcoin&#8217;s price highlights the risks of leveraged trading, 
potentially leading to increased market volatility and cascading liquidations.
The post Over $190M in crypto shorts liquidated in last hour amid Bitcoin 
rally appeared first on Crypto Briefing.

Cryptocurrency price in ILS