Bernstein: Bitcoin bull market cycles will be longer, driven by institutional funds and demand for stablecoins

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Odaily Planet Daily News reports that Bernstein stated in a research report that the cryptocurrency market is currently showing signs of a strengthening fundamentals. Analysts pointed out that Bitcoin has formed a bottom around $60k and is moving towards the $80k threshold. Institutional capital inflows, MicroStrategy’s continuous accumulation of Bitcoin through STRC products, and the deep integration of blockchain with financial infrastructure together constitute an asymmetric upside potential.

Bernstein emphasized that new distribution channels from Morgan Stanley Bitcoin ETF and Charles Schwab’s spot trading platform have expanded participation. Currently, about 60% of Bitcoin supply has not moved in a year, indicating that institutional demand is strengthening its holding base. Additionally, the stablecoin supply has reached a record high of $300 billion, and its payment settlement demand has decoupled from market sentiment. The tokenization of real-world assets has grown 110% year-over-year, reaching a scale of $345 billion. Although quantum computing poses long-term risks, analysts believe the industry has ample time to transition securely.

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