Analysts believe the pro-crypto environment provides an opportunity for investors to enter the market.
- 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 of digital assets.
The analysts’ recommendations included standout selections like Ethereum (ETH), Solana (SOL), Optimism (OP), Arbitrum (ARB), Polygon (POL), Uniswap (UNI), Aave (AAVE), and Chainlink (LINK).
Furthermore, the analysts predicted a major surge in altcoins, stating,
“As the regulatory environment around tokens eases out, we expect Ethereum, Solana, and other digital assets to outperform Bitcoin over the next 12 months.”
Bitcoin overtakes silver
Meanwhile, after recently dethroning Meta, the king coin has now replaced Silver as the 8th largest asset by market cap. According to CompaniesMarketCap, BTC stood strong with a market capitalization of $1.76 trillion at press time, while silver trailed behind with a market cap of $1.71 trillion
Source: CompaniesMarketCap
Should Bitcoin’s price continue to rise, it will likely overtake Saudi Aramco, the world’s largest oil giant – Marking another milestone in BTC’s rise among global assets.
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