Report: Bitcoin’s next bull market may be longer-lasting, with the industry’s “best stage still ahead”

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ME News, April 28 (UTC+8): A latest report from research firm Bernstein says that as BTC nears the $80k mark, the crypto market is entering a new round of structural growth. This cycle may be longer than previous ones and offers “asymmetric upside potential.” The report notes that the prior drop to $60k formed a phase bottom, and the market is being driven by the integration of institutional capital with the traditional financial system. Analyst Gautam Chhugani said, “The best time for the crypto industry is still ahead, and it will show up in a higher and longer-lasting bull market cycle.” In terms of supply structure, about 60% of Bitcoin has not moved for over a year, indicating an increasing share of long-term holders; meanwhile, ETFs and corporate balance-sheet allocations continue to absorb supply. Strategy currently holds about 818k BTC, and its yield-oriented products are also attracting more traditional capital. On the institutional channels side, firms like Morgan Stanley and Charles Schwab are expanding access to Bitcoin ETFs and spot trading, further lowering the investment barrier. On fundamentals, stablecoin supply has surpassed $300 billion, with real payment and settlement needs strengthening; the tokenized size of real-world assets (RWA) reached $345 billion, up 110% year over year. In addition, platforms similar to Hyperliquid are driving higher activity in on-chain stocks and commodity 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)
BTC-2.39%
RWA-1.11%
HYPE-5.95%
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