The post ‘Buy everything you can,’ says Bernstein after Bitcoin’s latest ATH appeared on BitcoinEthereumNews.com.

Bernstein Research advised investors to add crypto exposure, including Bitcoin Bitcoin is now the 8th largest asset worldwide The cryptocurrency market continues to record significant growth. The same has been led by Bitcoin (BTC), with the cryptocurrency recently peaking at a new record high of $89.6k. Amid this bullish backdrop, Bernstein Research released a compelling advisory urging investors to embrace the rally and increase their cryptocurrency exposure. They also cautioned against resisting the trend. The note, released on Monday, stated, “Welcome to the Crypto bull market. Buy everything you can.” Bernstein’s analysts Gautam Chhugani, Mahika Sapra, and Sanskar Chindalia highlighted a shift in Washington’s political climate as a pivotal factor for the current bull run. Bitcoin to $200k Chhugani claimed that investors who previously avoided crypto due to regulatory concerns should reconsider their position following the U.S election results.  In fact, he is anticipating a crypto-friendly regulatory environment under President Donald Trump, beginning with a pro-crypto SEC. Previously, AMBCrypto had reported on a Bernstein forecast predicting that Bitcoin could hit an ambitious target of $200,000 by next year. The analyst remains confident in this projection, stating, “Even at $81K/bitcoin (+ 87% YTD), we believe risk-reward is favorable over next 12 months.” Peter Brandt’s bold year-end prediction Seasoned trader Peter Brandt shared a similarly bullish outlook. In a recent post on X, Brandt explained that from March to October 2024, Bitcoin provided repeated buying opportunities during price breaks. This set the stage for a potential “mark-up” phase—A strong upward rally that, based on historical patterns, may not reverse once it begins.  Using the January-March 2024 rally as a statistical model (or “Bayesian prior”), Brandt noted that there’s a probabilistic outlook that, “Price could hit $125k by New Years” Bernstein’s altcoin forecasts Alongside Bitcoin, Bernstein’s optimistic outlook also spanned a diverse range…

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Filed under: News - @ November 13, 2024 5:24 am