ChainCatcher news, according to Coindesk, based on Bernstein's research report, Robinhood is expected to be the biggest beneficiary of the potential relaxation of cryptocurrency regulations in the United States.With the possible pro-cryptocurrency policies from the U.S. Securities and Exchange Commission (SEC), Robinhood's market potential is expected to increase significantly. Bernstein raised the target stock price for this trading platform from $30 to $51 and maintained an outperform rating on its stock.In addition, Robinhood recently acquired the cryptocurrency exchange Bitstamp, which will enhance its ability to offer value-added crypto services.

ChainCatcher news, according to The Block, a report released by Bernstein on Monday analyzed the upcoming key catalysts for Bitcoin that could drive its price to reach its cyclical target of $200,000 by 2025. The catalysts mainly include: Bitcoin strategic reserves, commitments to crypto regulation, and demand for Bitcoin ETFs and MicroStrategy.The report states, "The Trump election trade is over. However, the new era of crypto regulation has yet to be reflected in prices. Investors should continue to hold Bitcoin-related assets for at least 12-18 months.As most institutional investors are re-evaluating their anti-crypto positions, we have a long journey ahead to make new structural allocations for this market. If you are bullish, we expect you will be on the right side of Bitcoin's history."

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."

ChainCatcher news, according to The Block, an analysis team led by Gautam Chhugani at Bernstein stated that the regulatory headwinds for the cryptocurrency market have turned into tailwinds following Donald Trump's victory in the elections.The analysts also reiterated their bullish cycle target for Bitcoin to approach $90,000 by the end of this year and reach $200,000 by 2025, anticipating that the new "crypto-friendly" SEC chairman and Senate Banking Committee will accelerate regulatory transparency for the industry.

ChainCatcher news, according to CoinDesk, with the announcement of the U.S. election results, a cryptocurrency-friendly Securities and Exchange Commission (SEC) and Senate Banking Committee are expected to emerge.Bernstein stated that the progress of stablecoin and market structure legislation is expected to accelerate, which is a positive signal for stablecoin issuers like Circle and Paxos, as well as major U.S. cryptocurrency exchanges and brokers.Analysts expect a clearer definition of digital assets and securities, and the potential launch of more exchange-traded fund (ETF) products based on other cryptocurrencies.

ChainCatcher news, according to The Block, investment research firm Bernstein's latest report predicts that regardless of the outcome of the U.S. election, the price of Bitcoin is expected to reach $200,000 by the end of 2025. Analysts believe that Trump is viewed as a pro-cryptocurrency candidate, while Harris may continue the Democratic Party's tough stance from the past four years.Bernstein analysts expect that if Trump wins, the price of Bitcoin could break its all-time high before Inauguration Day (January 20, 2025), reaching between $80,000 and $90,000. In contrast, a Harris victory could lead to Bitcoin dropping to $50,000 during the same period, higher than the previously predicted range of $30,000 to $40,000.The report points out that the main drivers of Bitcoin include the loosening of U.S. fiscal discipline, record debt levels, and monetary expansion, all of which have increased the demand for hard assets. The success of the U.S. spot Bitcoin ETF has further accelerated this trend.

ChainCatcher news, analysts from the research and brokerage firm Bernstein claim that their current prediction of a $200,000 Bitcoin price by the end of 2025 is "conservative," and they urge skeptics to reconsider the limited supply of cryptocurrencies in an era of record-high U.S. debt levels. For investors who do not want to hold Bitcoin directly, the analyst suggests investing in MicroStrategy, the world's largest Bitcoin corporate holder, and Robinhood, which is continuing to expand its crypto services, as alternatives for indirect investment.The analyst also highlighted the potential of U.S. publicly traded companies Riot Platforms and CleanSpark, which are integrating thousands of megawatts of power for Bitcoin mining, as well as AI-diversified companies like Core Scientific, which leverage the demand for AI hosting services, as they possess valuable power pipelines while still managing Bitcoin mining operations.

ChainCatcher news, according to CoinDesk, investment bank Bernstein pointed out in its latest research report that the acquisition of Bridge by payment giant Stripe validates the application value of stablecoins on public blockchains. The report states that with the improvement of blockchain scalability, stablecoins have become a major application scenario for blockchains, especially in the field of cross-border payments. Bernstein analyst Gautam Chhugani's team indicated that cryptocurrency-based USD stablecoins are currently the most cost-effective method for cross-border payments, with costs only 1-2 basis points.Previous news, Stripe acquired the stablecoin platform Bridge for $1.1 billion, marking the largest acquisition in the cryptocurrency space. The report emphasizes that companies like Bridge play a crucial role in building API software, enabling businesses to integrate stablecoin payments into their regular payment experiences. Investment bank Architect Partners stated in a report on October 21 that this transaction highlights the growing recognition of the market for stablecoin-based payments and their significant advantages, noting that non-cryptocurrency companies are also increasing their use of stablecoins.

ChainCatcher news, as Bitcoin attempts to break through the resistance level of $70,000 again, reaching a new all-time high, analysts at research and brokerage firm Bernstein have stated that the inflow of Bitcoin exchange-traded funds, the crypto stock market, and retail trading sentiment indicate a very high risk appetite.Bernstein analyst Gautam Chhugani wrote that as the likelihood of Donald Trump, who openly supports cryptocurrencies, winning the U.S. presidential election continues to rise, and his competitor Kamala Harris has also made more optimistic and clearer statements on cryptocurrency policy, the market seems less concerned about downside risks and finds Bitcoin attractive.

ChainCatcher news, analysts from the research and brokerage firm Bernstein stated that after a 5% increase on Monday, Bitcoin rose approximately 14% in October, reaching over $65,000. This was driven by the correlation with the rising odds of Donald Trump's election, with MicroStrategy being a leading indicator of a potential bullish breakout.Gautam Chhugani, Mahika Sapra, and Sanskar Chindalia analyzed: "We believe that the recent strength of Bitcoin is due to the correlation of Bitcoin with the rising odds of Trump's election. Although both sides express support for digital assets, the crypto market's bids are stronger due to Trump's increased odds in the election prediction market."

ChainCatcher news, Bernstein analysts reiterated their prediction that if Donald Trump wins the presidential election next month, the price of Bitcoin could reach $80,000 to $90,000. While analysts expect Bitcoin to perform well in the long term regardless of the outcome, they stated that if Kamala Harris wins, Bitcoin may test the $40,000 range again.This year, Trump has repositioned himself as a candidate supportive of cryptocurrency—accepting cryptocurrency as campaign donations and outlining policies to turn the U.S. into a "powerhouse" for Bitcoin mining, appoint a crypto-friendly SEC chairman, and establish a national strategic Bitcoin reserve. In contrast, Harris only recently mentioned cryptocurrency in any speeches or policy statements; last month she made broader comments stating that she would encourage cryptocurrency businesses while protecting consumers, and that the U.S. should "take the lead" in the blockchain space, with digital assets being part of her "opportunity economy" vision.While Bernstein analysts believe that, in the context of low interest rates, ongoing U.S. fiscal deficits, and unprecedented debt levels, Bitcoin will perform well in the long term regardless of the outcome, the short-term reaction to the election could be substantial.

ChainCatcher news, according to Decrypt, Bernstein analyst Gautam Chhugani stated that any signals of loose monetary policy and potential dollar weakness are positive for Bitcoin. He pointed out that as of this year, Bitcoin has risen by 45%, surpassing gold's 27% increase. During a fundraising event held in New York last weekend, U.S. Vice President Kamala Harris expressed support for digital assets and publicly mentioned the crypto industry for the first time.Previously, former U.S. President Donald Trump also held a pro-crypto stance, advocating for friendlier regulatory policies. Although the crypto community remains cautious about Harris's position, Bernstein analysts believe that Harris's statement, along with Trump's support, indicates bipartisan backing, which could lead to more regulatory clarity. The momentum for Bitcoin ETFs remains an important factor. Despite recent price fluctuations, Bitcoin ETF inflows continue to show net inflows, with a cumulative inflow of $17 billion.

ChainCatcher news, according to The Block, Bernstein analysis points out that despite U.S. Vice President Kamala Harris recently expressing support for the crypto industry at a fundraising event, the market remains confused about the uncertainty of her policies. In contrast, the sentiment in the crypto market may be stronger if Trump wins, as he has explicitly promised to make the U.S. a "crypto capital" and supports DeFi, asset tokenization, and Bitcoin mining. However, regardless of the election outcome, the current inflow of funds into Bitcoin and Ethereum ETFs and the Federal Reserve's loose monetary policy are expected to continue driving the market upward.

ChainCatcher news, according to The Block, analysts at research and brokerage firm Bernstein have stated that blockchain-based stablecoins pegged to fiat currencies like the dollar are becoming "systemically important," with their issuers now being among the largest holders of U.S. Treasury bonds alongside sovereign nations.After peaking in April 2022, the circulating supply of stablecoins has now returned to approximately $180 billion, a historical high.

ChainCatcher message, brokerage firm Bernstein released a report indicating that the importance of stablecoins in the global financial system is increasing. Stablecoins are cryptocurrencies designed to maintain a stable value, typically pegged to the US dollar, although there are also stablecoins pegged to other currencies and assets, such as gold.The report noted that after a decline in supply in 2023, the circulation of stablecoins has now rebounded to a record $170 billion, and the monthly on-chain payment volume has tripled over the past 12 months, reaching $1.4 trillion in July. The team led by analyst Gautam Chhugani wrote, "Stablecoins provide international users with access to dollar savings, promoting the digital dollar beyond the United States."The report also highlighted that these cryptocurrencies are achieving deeper integration with payment and fintech companies such as PayPal (PYPL), MercadoLibre (MELI), and Grab (GRAB).

ChainCatcher news, brokerage firm Bernstein stated in a research report on Thursday that the importance of stablecoins to the global financial system is growing, and they have become the 18th largest holder of U.S. Treasury securities.The report noted that after a decline in supply in 2023, the issuance of stablecoins has now returned to a historical high of $170 billion, with on-chain monthly payment volumes doubling over the past 12 months, reaching $1.4 trillion in July.The report pointed out that these cryptocurrencies are increasingly being integrated with payment and fintech companies such as PayPal (PYPL), MercadoLibre (MELI), and Grab (GRAB). Stablecoins are also being used more frequently for cross-border payments. Bernstein stated, "Dollar stablecoins on the crypto rails are now the cheapest cross-border payment rails."

ChainCatcher news, according to DL News, Robinhood is committed to becoming a heavyweight in the cryptocurrency space. Robinhood is strengthening its crypto team, has launched crypto trading services in the EU, and acquired the exchange Bitstamp for $200 million.Bernstein analysts wrote in a report on Wednesday that these efforts will drive Robinhood's revenue to approximately $900 million in 2024, with its market value reaching between $19 billion and $23 billion by 2025. Robinhood is expected to achieve $3.4 billion in revenue by 2025. Bernstein noted that the company has already seen tailwinds, including demographic trends, with about 60% of Robinhood's assets coming from customers under the age of 43.Over the past 10 years, millennials have created about 1% of U.S. household wealth. As Robinhood increases its offerings of cryptocurrencies, stocks, derivatives, and savings products to younger demographics, this figure has risen to about 10%.

ChainCatcher news, Bernstein's latest research report predicts that if Donald Trump wins the U.S. election in November, Bitcoin (BTC) is expected to reach new highs later this year, potentially hitting $90,000 in the fourth quarter.The report points out that Trump has been actively stating his intention to make the U.S. the "Bitcoin and cryptocurrency capital," mentioning digital assets in every policy speech.In contrast, if Kamala Harris wins the election, Bitcoin could fall below the current support level of $50,000 and may test the range of $30,000 to $40,000.Analyst Gautam Chhugani stated that the crypto market has faced two major obstacles in the past three years: macroeconomic conditions and regulation. "After three years of regulatory cleanup, positive crypto regulatory policies can stimulate innovation again and bring users back to financial products on the blockchain." He added, "The election outcome is hard to predict, but if you are bullish on cryptocurrency now, you are likely betting on Trump's victory."

ChainCatcher message, analysts at the research and brokerage firm Bernstein believe that cryptocurrency micropayments are key to avoiding bottlenecks in the AI financial economy. The analysts stated that the real bottleneck in the AI financial economy is the current financial system's inability to effectively handle micropayments. AI agents may need to make very small, frictionless payments, such as for consuming data or content. However, due to the complexity of the technology and human involvement, transaction costs in traditional systems are very high, making this approach uneconomical. To meet the demands of the AI economy, the financial system needs to continuously evolve to enable seamless, low-cost micropayments that align with the consumption patterns of AI agents. This is where cryptocurrencies come into play.

ChainCatcher news, according to a report by Coindesk, research and brokerage firm Bernstein has pointed out that U.S.-listed Bitcoin mining companies have a significant advantage over their unlisted counterparts due to their ability to raise funds in the world's deepest capital markets. This ease of capital acquisition provides them with more financial options, making them more competitive, especially in capital-intensive industries.Bernstein noted that large publicly traded Bitcoin miners in the U.S. are gradually becoming consolidators in the industry. Leading miners should focus on expanding market share and increasing hash rates, rather than compensating for funding needs by selling mined cryptocurrencies at low prices. Recently, the financing actions of Marathon Digital, Riot Platforms, Core Scientific, and Bitdeer further support this view, as these companies have raised funds through the issuance of convertible bonds and stocks to expand their market influence.Additionally, Bernstein emphasized that although Bitcoin mining and artificial intelligence (AI) data centers share similarities in power demand and high-density power specifications, their business models are entirely different. Nevertheless, scaling is crucial for both. The report also reiterated that with the increase in institutional adoption and the popularity of exchange-traded funds (ETFs), Bitcoin prices are expected to reach a new high of around $200,000 by 2025.