Bernstein: Bitcoin bull market cycles will be longer, driven by institutional capital and stablecoin demand

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ME News report, April 27 (UTC+8). Bernstein said in a research report that the crypto market is currently showing signs of strengthening fundamentals. Analysts noted that Bitcoin has formed a bottom near $60k and is moving toward the $80k level. Institutional capital inflows, MicroStrategy’s continued accumulation of Bitcoin through STRC products, and the deep integration of blockchain with financial infrastructure together create an asymmetric upside opportunity. Bernstein emphasized that new distribution channels from Morgan Stanley’s Bitcoin ETFs and the Schwab spot trading platform broaden participation. At present, about 60% of Bitcoin’s supply has not moved within a year, and institutional demand is strengthening its holding base. In addition, stablecoin supply has reached a historical high of $300 billion; its payment and settlement demand has decoupled from market sentiment. The tokenization of real-world assets has grown 110% year over year, reaching a size of $345 billion. Although quantum computing poses long-term risks, analysts believe the industry has enough time to complete a secure transition. (Source: ODAILY)
BTC0.37%
STRC2.16%
MS-0.34%
SCHW0.36%
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