Ether could become a favorite for big companies, says Bernstein It might be the only digital money, besides bitcoin, that the government approves for a special investments.Ether Could Be the Next 'Institutional Darling,' Bernstein Says. There's a 50% likelihood of the SEC approving an ETF for Ethereum (ETH) by May. The upcoming Ethereum blockchain upgrade, Dencun, in March, is anticipated to significantly reduce transaction expenses. Broker Bernstein suggests shifting attention from Bitcoin's recent surge driven by ETFs to Ether (ETH), the second-largest cryptocurrency.#Write2Earn $ETH $BTC #Bernstein #PYTH According to Bernstein's research report, Ether is "likely the only other digital asset positioned for a spot ETF approval by the SEC." The report indicates a 50% chance of Ether's spot ETF approval by May, with near-certain approval within the next 12 months. Several traditional financial firms, including Franklin Templeton, Blackrock (BRK), and Fidelity, have applied for an Ether ETF in the U.S., enhancing the token's medium-term outlook.Analysts Gautam Chhugani and Mahika Sapra highlight Ethereum's advantages, such as staking yield dynamics, environmentally friendly design, and institutional utility for establishing new financial markets, positioning it favorably for mainstream institutional adoption. They predict that Ether yield markets could grow alongside the crypto's market cap, potentially powering unique ETFs if staking yields are incorporated into the ETF design.Bernstein emphasizes that institutions aim not only to launch Ether spot ETFs but also to "construct more transparent and open tokenized financial markets on the Ethereum network," emphasizing utility beyond asset accumulation.Dencun, Ethereum's upcoming March upgrade, is set to provide a dedicated corridor and blockspace for roll-ups, leading to a further 50%-90% reduction in transaction costs, as mentioned in the report.In summary, there's a significant possibility of an Ether ETF approval by the SEC, with various financial institutions actively pursuing it. Ethereum's positive features, coupled with the Dencun upgrade's cost-cutting measures, make it well-positioned for broader institutional adoption and the development of transparent financial markets.

According to a recent report from $725 billion asset manager Bernstein, Bitcoin could surge to between $80,000 and $90,000 by the end of 2024 if Donald Trump is re-elected president. Bernstein analysts highlighted that Trump’s favorable stance on cryptocurrencies and promises for clearer regulatory frameworks could be the key drivers for this surge.However, in the event of a Kamala Harris victory, Bitcoin's price may fall to between $30,000 and $40,000 due to her administration's perceived less supportive approach toward the crypto market.This prediction showcases Bernstein's belief in the political landscape’s influence on Bitcoin’s price movements.

MicroStrategy CEO #michaelsaylor said in an interview with analysts of the #Bernstein platform that he wants to turn the company into a major bitcoin bank. According to the crypto-enthusiast and entrepreneur, the new structure may well reach a market capitalization of $1 trillion.

The head of #MicroStrategy once again confirmed his thesis that bitcoin is the highest performing asset of this century and offers a powerful defense against global inflation.

According to Michael Saylor, the company may eventually become a #bitcoin☀️ bank with the main goal of creating bitcoin capital market instruments for stocks, convertible bonds, fixed income shares and preferred shares of market participants.

Note that $BTC
bitcoin currently accounts for 0.1% of the world's financial capital, and Michael Saylor predicts that this figure will grow to 7%, which implies that the price of digital gold will rise to $13 million by 2045.

The businessman drew attention to the fact that if the situation on the world markets is the same as it is now, the #Bitcoin❗ bank that MicroStrategy will turn into could become a driver of further growth of digital assets and popularization of the first cryptocurrency on a global scale.