According to a recent report from global investment house Bernstein, investors should brace for further gains in bitcoin-related assets and stocks. Analysts have pointed out that the bitcoin bull market will continue as institutional money continues to flow into the space.
"The combined adoption by banks, institutional investors, corporates and sovereigns, either directly or through sovereign funds, makes bitcoin a clear challenger to gold," the report said. Analysts added that the Abu Dhabi SWF's purchase of bitcoin through ETFs would benefit its future performance.
Top institutions, including Jane Street Group, Citadel Advisors and Morgan Stanley, have bought hundreds of millions of dollars in bitcoin ETFs, according to data it disclosed. Bernstein analysts had previously predicted that bitcoin would reach $200,000 by the end of 2025.
Bernstein: Bitcoin bull market will continue as institutional investors move in
2025-02-18 01:42:36
Decrypt report according to global investment machine structure bernstein bernstein recentlydesk3cryptocurrencydesktopCrypto News
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