Bernstein: Bitcoin bull market will continue as institutional investors enter the market

Odaily News According to a recent report from global investment firm Bernstein, investors should prepare for further gains in Bitcoin-related assets and stocks. Analysts pointed out that the Bitcoin bull run will continue as institutional funds continue to flow into the field.
The report said: "The combined adoption of banks, institutional investors, corporations, and sovereign states (directly or through sovereign funds) makes Bitcoin a clear challenger to gold." Analysts added that the Abu Dhabi sovereign wealth fund's purchase of Bitcoin through an ETF is positive for its future performance.
The data disclosed by the company shows that top institutions including Jane Street Group, Citadel Advisors and Morgan Stanley have purchased hundreds of millions of dollars in Bitcoin ETFs. Bernstein analysts previously predicted that Bitcoin will reach $200,000 by the end of 2025. (Decrypt)