Bernstein: As institutional investors enter the market, the Bitcoin bull market will continue

ChainCatcher news, according to Decrypt, based on a recent report from global investment firm Bernstein, investors should prepare for further increases in Bitcoin-related assets and stocks. Analysts point out that as institutional funds continue to flow into the space, the Bitcoin bull market will persist.

The report states: "The joint adoption by banks, institutional investors, corporations, and sovereign nations (either 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 ETFs is positive for its future performance.

The disclosed data 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 had previously predicted that Bitcoin would reach $200,000 by the end of 2025.