CoinVoice has recently learned that analysts at research and brokerage firm Bernstein said that despite recent bearish sentiment, the structural adoption cycle remains intact and cryptocurrencies will become the main force of the "Trump trade" if election sentiment shifts to the Republicans.
The analysts said: "There may be a temporary pause until large private banking platforms whitelist Bitcoin ETFs. This is what will really change the Bitcoin portfolio allocation landscape, not just the underlying transactions, and we expect these approvals to come through in Q3/Q4. Until then, the market will be stagnant. Since Bitcoin ETFs only account for 0.1-0.20% of the existing wealth advisor sample, there is room for both penetration of new advisors and growing allocations (up to 2-3% of the portfolio, compared to 0.1-0.2% currently)." [Original link]
