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

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ME News message, April 27 (UTC+8). In a research report, Bernstein said the cryptocurrency market is currently showing signs of strengthening fundamentals. Analysts noted that Bitcoin has formed a bottom around $60,000 and is moving toward the $80,000 threshold. Institutional capital inflows, MicroStrategy’s continued accumulation of Bitcoin through STRC products, and the deep integration of blockchain with financial infrastructure together make up an asymmetric upside opportunity. Bernstein emphasized that new distribution channels from the Morgan Stanley Bitcoin ETF and Charles Schwab’s spot trading platform have broadened participation. At present, about 60% of Bitcoin’s supply has not moved within a year, and institutional demand is reinforcing its holding base. In addition, the supply of stablecoins has reached a historical high of $300 billion, and its payment and settlement demand has decoupled from market sentiment. The tokenization of real-world assets grew 110% year over year, reaching a scale of $345 billion. Although quantum computing carries long-term risks, analysts believe the industry has sufficient time to complete a safe transition. (Source: ODAILY)

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