Report: Bitcoin’s next bull market could be longer-lasting, with the industry’s “best phase 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 previous ones, and has “asymmetric upside potential.” The report notes that the prior pullback to $60k formed a phase bottom, and the market is now being driven by institutional capital and the integration of 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, longer-lasting bull market 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 side, firms such as Morgan Stanley and Charles Schwab are expanding entry points for Bitcoin ETFs and spot trading, further lowering the barrier to investment. On the fundamentals, stablecoin supply has surpassed $300 billion, and real payment and settlement demand is strengthening; the tokenization scale of real-world assets (RWA) reached $345 billion, up 110% year over year. In addition, platforms like Hyperliquid are boosting on-chain activity for stocks and commodity trading. The report also points out 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%
MS-0.34%
RWA-0.59%
HYPE1.91%
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