“Amid Bitcoin’s rise to new all-time highs above $82,000, analysts at brokerage firm Bernstein called for adding crypto-assets to investment portfolios “as soon as possible.” The Block writes about it. “Don’t fight it. Welcome to the bull market. Buy all you can,” experts led by Gautam Chhugani said in a note to clients. He urged all investors who had previously refrained from investing in crypto-assets due to regulatory concerns to change their minds after the election […]”, — write: businessua.com.ua
Amid Bitcoin’s surge to new all-time highs above $82,000, analysts at brokerage firm Bernstein called for the crypto asset to be added “as soon as possible” to investment portfolio. The Block writes about it.
“Don’t fight it. Welcome to the bull market. Buy all you can,” experts led by Gautam Chhugani said in a note to clients.
He urged all investors who had previously refrained from investing in crypto-assets due to regulatory concerns to change their minds after the US election. The expert expects the formation of a cryptocurrency-friendly regulatory environment under Donald Trump, which will begin with the appointment of a new chairman of the US Securities and Exchange Commission.
In July, during a speech at the annual Bitcoin 2024 conference, Trump promised to fire the head of the regulator Gary Gensler and create a strategic bitcoin reserve. It will also “put an end to the digital asset war.” According to him, the USA will become the cryptocurrency capital of the world.
“The trend is towards Bitcoin becoming a treasury asset held by corporations, governments and institutions. It seems obvious to us,” Bernstein noted.
Among the bullish indicators, Chhugani also mentioned support for cryptocurrencies from Trump’s team and supporters, as well as demand for spot bitcoin ETFs, which have attracted about $4.7 billion in a few weeks.
What to buy?Bernstein analysts recommended buying a basket of digital assets including BTC, ETH, SOL, OP, ARB, POL, UNI, AAVE and LINK.
“We remain confident in our goal of a Bitcoin price of $200,000 by the end of 2025. Even at $81,000 per coin (+87% YTD), we see the risk-reward ratio as favorable over the next year,” Chhugani noted.
It will be recalled that in September, Bernstein predicted an increase in the bitcoin rate to $90,000 by the end of 2024 in the event of Trump’s election victory.
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