Bernstein: BTC price performance is excellent, and investors' valuation has changed

Odaily News Bitcoin prices rose above $94,000 on Wednesday, which some analysts believe indicates a shift in investors' valuations of the asset. Gautam Chhugani, an analyst at brokerage firm Bernstein, said in a report that this is the best performance of Bitcoin prices he has seen in all the time he has been studying cryptocurrencies, and it is hard not to invest in cryptocurrencies at this time. Analysts believe that investors may now view Bitcoin more as a non-sovereign store of value and a form of hedge against geopolitical uncertainty, policy errors and currency devaluation. (DL News)