Xpert
@xperts
Bernstein Predicts New Stage of Bitcoin Bull Market including a $436.9 million purchase of an ETF by Abu Dhabi sovereign wealth fund Mubadala, and increases in Bitcoin holdings by major holders such as Goldman Sachs, Strategy (formerly MicroStrategy ) and Barclays. Analysts predict further investment in the BTC ETF, which could reach $60 billion in 2025. According to Bernstein analysts, growing interest from banks, institutional investors and corporations is paving the way for Bitcoin to compete with gold. With a market capitalization of $2 trillion, Bitcoin is still significantly inferior to gold, whose market value is estimated at $18 trillion. This indicates serious potential for growth of the cryptocurrency. Recall that CryptoQuant, on the contrary, warned about the threat of Bitcoin moving into a bearish phase due to a decrease in investor interest in risky assets.
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