Has my stock been accused of fraud?Join over 160k users who know.

Ticker Price Change($) Change(%) Shares Volume Prev Close Open Gain($) Gain(%)
Ticker Status Jurisdiction Filing Date CP Start CP End CP Loss Deadline
Ticker Case Name Status CP Start CP End Deadline Settlement Amt
Ticker Name Date Analyst Firm Up/Down Target ($) Rating Change Rating Current

News

Bitcoin Blasts Past $82,000: 'Buy Everything You Can,' Says Bernstein

Author: Murtuza Merchant | November 11, 2024 07:45am

Bernstein on Monday reiterated a robust bullish stance on the crypto market, encouraging investors to "buy everything you can" as Bitcoin surged above the $82,000 mark on Monday morning.

What Happened: Bitcoin (CRYPTO: BTC) is trading at $82,300, up 3.7% for the day, setting yet another all-time high.

Ethereum (CRYPTO: ETH) meanwhile, is trading $3,180, flat, on Monday morning European trading hours.

Bernstein highlights the favorable regulatory environment under the incoming Donald Trump administration, which it believes will significantly impact the crypto market’s growth trajectory.

"Don't fight this – add crypto exposure asap," the report states, noting that the recent election has positioned the digital asset market to benefit from a pro-crypto agenda.

The report highlights a shift in investor sentiment, particularly for those who previously avoided crypto due to regulatory concerns.

Benzinga Future of Digital Assets conference

Also Read: Cardano Up 13% As Speculation Around Charles Hoskinson As Trump Crypto Policy Advisor Bubbles

Bernstein suggests these investors "invert their mental model," as the regulatory climate, driven by pro-crypto officials in the Trump administration, is now more favorable than before.

A pro-crypto SEC, as envisioned by the report, could help alleviate regulatory headwinds, potentially turning them into tailwinds for the industry.

Bernstein's digital assets team describes the new landscape as one primed for mainstream crypto adoption and growth, signaling opportunities for tokens, crypto ETFs, and Bitcoin miners.

In detailing strategic investments, Bernstein identifies Bitcoin ETFs, AI-focused miners, and digital assets with high growth potential as promising areas for investors.

Notably, MicroStrategy's (NASDAQ:MSTR) plan to raise $42 billion over three years to acquire additional Bitcoin is highlighted as a strong signal of market confidence.

"Even at $81K/Bitcoin, we believe risk-reward is favorable over the next 12 months," Bernstein's analysts assert, setting a price target of $200,000 for Bitcoin by 2025.

What’s Next: Bernstein's report comes just before the Benzinga Future of Digital Assets event on Nov. 19, where industry experts will discuss such forward-looking strategies and analyze the evolving dynamics of the digital asset market.

Read Next:

Image: Shutterstock

Posted In: $BTC $ETH MSTR

CLASS ACTION DEADLINES - JOIN NOW!

NEW CASE INVESTIGATION

CORE Finalist