Bernstein analysts issued a bullish report after the U.S. election, encouraging investors to increase their exposure to the crypto industry as soon as possible. Bitcoin broke through $80,000 to a record high after Trump's election victory. Bernstein research director Gautam Chhugani said that the Trump administration is expected to adopt a pro-crypto policy or appoint a new SEC chairperson, which could lead to more friendly regulatory environments for the industry.
The report advises investors to focus on spot Bitcoin and Ethereum ETFs, publicly listed Bitcoin mining companies, businesses that hold Bitcoin, and crypto exchanges such as Robinhood and Coinbase. Additionally, Bernstein expects Bitcoin to reach $200,000 by the end of 2025 and recommends investors to buy major digital assets such as BTC, ETH, SOL, and others.
Bernstein: Bitcoin Expected to Reach $200,000 by End of 2025
2024-11-11 11:44:43
Bernstein analyst us post-election release bullish report encouragementdesk3cryptocurrencydesktopCrypto News
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