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

According to a recent report by global investment firm Bernstein, investors should prepare for further increases in Bitcoin-related assets and stocks. Analysts pointed out that as institutional funds continue to flow into this field, the Bitcoin bull market will persist.

The report states: "The joint adoption by banks, institutional investors, corporations and sovereign nations (directly or through sovereign funds) makes Bitcoin a clear challenger to gold." The analyst added that the Abu Dhabi Sovereign Wealth Fund's purchase of Bitcoin via ETF is positive for its future trend.
Data disclosed shows that top institutions including Jane Street Group, Citadel Advisors and Morgan Stanley have all purchased hundreds of millions of dollars worth of Bitcoin ETFs. Bernstein analysts had previously predicted that by the end of 2025, Bitcoin will reach $200,000. (Decrypt)