Report: Bitcoin’s next bull market could be longer-lasting and more enduring, and the industry’s “best phase is still ahead”

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ME News, April 28 (UTC+8). A latest report from research firm Bernstein says that as Bitcoin approaches the $80k threshold, the crypto market is entering a new round of structural growth. This cycle may be longer than before and has “asymmetric upside room.” The report notes that the prior pullback to $60k formed a phase bottom, and the market is currently being driven by the integration of institutional funds with traditional financial systems. Analyst Gautam Chhugani said: “The best days for the crypto industry are still ahead, and this will show up in a higher, more durable bull-cycle.” In terms of supply structure, about 60% of Bitcoin has not moved for more than a year, indicating an increasing share of long-term holders; at the same time, ETFs and corporate balance-sheet allocations are continuously absorbing supply. Strategy currently holds about 818k BTC, and its yield-bearing products are also attracting more traditional capital. On the institutional channel front, Morgan Stanley and Charles Schwab, among others, are expanding entry points for Bitcoin ETFs and spot trading, further lowering the investment barrier. On fundamentals, stablecoin supply has surpassed $80k, and real payment and settlement demand is strengthening; the tokenization scale of real-world assets (RWA) has reached $345 billion, up 110% year over year. In addition, platforms similar to Hyperliquid are helping to boost on-chain activity for stocks and commodities trading. The report also cautions that quantum computing poses a long-term potential risk to crypto security, but it is controllable in the short term, giving the industry sufficient time to transition to post-quantum standards. (Source: ChainCatcher)
BTC1.14%
RWA-0.76%
HYPE1.94%
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