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Bernstein on cryptocurrencies: «Buy everything you can»


November, 11 2024
watermark Economic news

After bitcoin reached a historic high, exceeding the $82,000 mark, analysts at Bernstein strongly recommended that investors urgently enter the cryptocurrency market. According to experts, «it is not worth ignoring this opportunity,» and now is the best time to buy digital assets.


Analysts stressed that the results of the US elections could significantly change the regulatory landscape for cryptocurrencies. With the arrival of Trump, they expect a relaxation of regulation and the appointment of a more favorable chairman of the Securities and Exchange Commission (SEC) for the crypto industry.


Previously, Trump was skeptical about cryptocurrencies, but during his election campaign, he promised to support the industry, as well as consider the possibility of creating national reserves in bitcoins. Despite the fact that the implementation of such measures may take until the end of 2025, analysts believe that the course towards turning bitcoin into a strategic asset for corporations and governments is already obvious.


Bernstein recommends investing in a wide range of crypto assets, including BTC, ETH, SOL, OP, ARB, POL, UNI, AAVE and LINK. Analysts are confident in the further growth of bitcoin and have set a price target of $200,000 by the end of 2025. Even at the current rate of $81,000 (+87% since the beginning of the year), they believe that the growth potential remains high, and the prospects for the next 12 months look very favorable.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.