“Bernstein analysts have announced the beginning of the next stage of the bitcoin bull market. The key catalyst will be the initiative of the US Presidential Administration Donald Trump. The Block writes about it. According to experts, the current upward trend began in the IV quarter of 2023 against the background of expectations of approval of US spot ETF. After their launch in January 2024, the first cryptocurrency rate increased from $ 25,000 to $ 46,000, and the success of exchange funds […]”, – WRITE: Businessua.com.ua
Bernstein analysts have announced the beginning of the next stage of the bitcoin bull market. The key catalyst will be the initiative of the US Presidential Administration Donald Trump. The Block writes about it.
According to experts, the current upward trend began in the IV quarter of 2023 against the background of expectations of approval of US spot ETF. After their launch in January 2024, the first cryptocurrency rate increased from $ 25,000 to $ 46,000, and the success of exchange funds pushed the quotation at a new maximum of $ 74,000.
The next impulse was received in November after Trump’s victory in the presidential election. The new administration has promised to make the US “cryptocenter of the world”, including the development of a national bitcoin reserve and a favorable regulatory framework. By the time of the inauguration of the US leader, on January 20, 2025, the price of bitcoin reached $ 109,000.
Among other factors for growth, BersNstein identifies the latest investment, including the purchase of ETF worth $ 436.9 million by the Abu Dhabadala sovereign fund, as well as increasing the volume of bitcoin-reservoirs with large owners like Goldman Sachs, Strategy (previously Microstgy.
Analysts predict a further influx of BTC-ETF investment, which can reach $ 60 billion in 2025. Cancellation for banks a number of restrictions on the US Securities and Exchanges also stimulates cryptocurrency.
According to Bernstein analysts, growing interest from banks, institutional investors and corporations opens the path to competition with gold for bitcoin. With capitalization, $ 2 trillion bitcoin is still significantly inferior to gold, the market value of which is estimated at $ 18 trillion. This indicates a serious potential for cryptocurrency growth.
Recall that Cryptoquant, on the contrary, warned of the threat of bitcoin transition to a bear phase by reducing the interest of investors in risky assets.
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