Bernstein: After Trump's victory, the regulatory headwinds for the cryptocurrency market have turned into tailwinds

ChainCatcher news, according to The Block, an analysis team led by Gautam Chhugani at Bernstein stated that the regulatory headwinds for the cryptocurrency market have turned into tailwinds following Donald Trump's victory in the elections.

The analysts also reiterated their bullish cycle target for Bitcoin to approach $90,000 by the end of this year and reach $200,000 by 2025, anticipating that the new "crypto-friendly" SEC chairman and Senate Banking Committee will accelerate regulatory transparency for the industry.