ChainCatcher message, according to The Block, Bernstein's report released on Monday analyzed the upcoming key catalysts for Bitcoin that could drive its price to the cyclical target of $200,000 by 2025. The catalysts mainly include: Bitcoin strategic reserves, crypto regulatory commitments, and demand for Bitcoin ETFs and MicroStrategy.
The report states, 'The Trump election trade is over. However, the new era of crypto regulation is far from being reflected in the prices. Investors should continue to hold Bitcoin-related assets for at least 12-18 months.'
As most institutional investors are re-evaluating their anti-crypto stance, we have a long journey ahead to make new structural allocations for this market. If you are long, we expect you will be on the right side of Bitcoin's history.
