What will lead to driving the next station from Bitcoin Bull Run? Bernstein highlights the stimuli
Bernstein analysts believe that the current bull market started in the fourth quarter of 2023, driven by the immediate approvals of Bitcoin ETF in the United States.
This Bitcoin momentum took from $ 25,000 to $ 46,000 by time launched on January 11, 2024.
Strong ETF flows supplied the gathering with the gathering, which pushed Bitcoin to its highest level of $ 74,000, before unifying several months.
The next main catalyst, according to Bernstein, came after Donald Trump’s electoral victory in November 2024.
It led his pro -renting position and promised to establish the United States, as it led the “Crypting capital in the world” to a new record of $ 109,000 on the opening day in January 2025.
The brokerage company now believes that investors must prepare themselves for the next station of Bitcoin’s Bull Run.
Trump pays the encryption
Analysts led by Guitam Chhogani believe that there are multiple factors that now create the next stage of the Bitcoin Market.
Among them is the encryption squad, led by David Sachs, which works on the Bitcoin National Reserve under Trump’s supervision.
The administration has also announced plans for the Sovereign Wealth Fund (SWF), which Bernstein expects US encryption companies to consider strategic assets.
Such bitcoin reserves, as analysts speculate, can be funded by the Federal Reserve or the US Treasury.
However, the Federal Reserve will need legislative approval, and possibly reserve financing by issuing new debts or gold sales.
In addition, the US government has a value of $ 20 billion in bitcoin seized, which can be added to the reserve, which raises a global race between kings to assemble Bitcoin.
Additional incentives for bitcoin growth
Besides policy developments, Bernstein highlights the growing institutional adoption as a major motor.
The last 13F files revealed with the SEC that mubadala, the sovereign wealth fund in Abu Dhabi, has invested $ 437 million in investment funds circulating in Bitcoin.
Goldman Sachs, Barclays, and Paul Tudor Jones all increased Bitcoin sites.
Microstrategy bought $ 742 million from Bitcoin, up to 478,740 BTC, at a value of $ 46 billion.
Spot Bitcoin ETF flows amounted to $ 5 billion, with expectations indicating that they may rise to $ 60 billion in 2025.
In addition, SEC 121 now allows the bank to provide banks to provide encryption nursery, which increases the promotion of institutional adoption.
Aside from this, as I mentioned earlier, more than 15 American states began the legislative efforts to integrate bitcoin into its financial frameworks, noting benefits such as economic diversification, inflation and technological innovation.
The state of Utah played a pioneering role in this movement, with the draft law of the House of Representatives 230 through the House of Representatives on February 6 and awaited the approval of the Senate now.
The growing legislative momentum across the United States indicates promising developments for Bitcoin.
With an increased adoption by banks, institutions and sovereignty, Bernstein sees Bitcoin’s appearance as a clear alternative to gold.
The research company highlights that the market value of Bitcoin is $ 2 trillion, compared to $ 18 trillion for installed gold reserves, leaving the possibility of a long -term price of Bitcoin.
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