Bernstein: The liquidity of the crypto market may shift from meme coins to practical tokens such as DeFi, gaming, and NFTs

2025-02-25 08:22:06

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ChainCatcher news, according to The Block, analysts from investment research firm Bernstein stated that as the regulatory environment improves, liquidity in the crypto market is expected to shift from meme coins to practical tokens in areas such as DeFi, gaming, and NFTs. Chief analyst Gautam Chhugani pointed out that the recent increase in meme coin activity is primarily due to the regulatory pressure on practical tokens and NFT projects during the tenure of former SEC Chairman Gensler.

The report indicates that Paul Atkins, a pro-crypto figure nominated by Trump, is likely to become the SEC Chairman. Additionally, the SEC has agreed to withdraw its lawsuit against Coinbase and terminate its investigation into OpenSea, signaling a shift in regulatory attitude. Bernstein expects Bitcoin's price to reach $200,000 by the end of the year, mainly benefiting from national strategic reserve plans, ETF inflows, and continued corporate accumulation.

Analysts emphasize that stablecoins and the tokenization of physical assets will become industry focal points, expected to play significant roles in areas such as cross-border B2B payments and global interbank settlements.

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