Investment in cryptocurrencies like Bitcoin has driven various stocks to nosebleed valuations. Companies like Hive Blockchain (TSXV:HIVE) with year-over-year returns of more than 2,000% speak to this.

Bernstein predicts Bitcoin will peak the current cycle at around $200,000 by 2025-end, with inevitable bear periods. Further, it expects Bitcoin to reach $500,000 by 2030 and $1 million by 2033-end.

Bernstein predicts Bitcoin will peak the current cycle at around $200,000 by 2025-end, with inevitable bear periods. Further, it expects Bitcoin to reach $500,000 by 2030 and $1 million by 2033-end.