Bernstein: Bitcoin has established a clear bottom at $60k, optimistic about a future structural long-term bull market

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BlockBeats News, April 27 — According to a recent report by the brokerage and research firm Bernstein, as Bitcoin approaches $80,000, the fundamentals of the crypto market are strengthening, and the recent low around $60,000 has formed a clear bottom.

Analysts believe that stable institutional capital inflows from asset management firms and brokerages, continuous Bitcoin accumulation through Strategy via STRC, and the increasing integration of blockchain with traditional financial infrastructure are key factors driving the market’s asymmetric upward movement.

The report states that institutional demand dominated by ETFs is reinforcing Bitcoin’s holding base, with over 60% of the supply untouched for more than a year. Meanwhile, stablecoin supply has hit a record high of over $300 billion, indicating sustained real-world dollar payment and settlement demand.

Additionally, tokenized private credit and real-world assets (RWA) such as U.S. Treasuries have grown 110% year-over-year, reaching $345 billion. Analysts conclude, “The best days for cryptocurrencies are still ahead, which will be reflected in a higher and more structurally prolonged crypto bull market.”

BTC-1.57%
RWA-2.18%
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