Bernstein: Bitcoin and cryptocurrency-related stocks have matured and are ready for institutional adoption

ChainCatcher news, Bernstein stated in a research report that Bitcoin (BTC) and cryptocurrency-related stocks are undervalued and suitable for institutional adoption.

They noted that while some believe the trading of Bitcoin exchange-traded funds (ETFs) is over, they think these ETFs will gain approval from major brokerages and large private banking platforms in the third and fourth quarters. This will significantly expand access to the world's largest cryptocurrency.