Bernstein: Increase investment in the cryptocurrency industry "as soon as possible"

2024-11-11 19:35:20

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ChainCatcher news, as Donald Trump won the election last week, the price of Bitcoin broke its historical high, and analysts at Bernstein, a research and brokerage firm, urged investors to "increase their investment in the cryptocurrency industry as soon as possible."

The analysts wrote in the report: "Welcome to the cryptocurrency bull market, buy everything you can."

The analysts urged those investors who have avoided investing in cryptocurrencies due to regulatory issues to "shift their mindset" after the announcement of the U.S. election results, pointing out that with the new chairman of the U.S. Securities and Exchange Commission, a crypto-friendly regulatory environment is expected following Trump's ascension to power.

The analysts stated that while establishing new strategic reserves requires legislation and may not be realized until later in 2025, "the direction of Bitcoin becoming a treasury asset held by corporations, governments, and institutions is, in our view, obvious."

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