bullish

Uniswap

Bitcoin

Optimism

Chainlink

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Bernstein Research encourages investors to increase their cryptocurrency exposure, led by Bitcoin.</li>
 <li>Bitcoin has now become the 8th largest asset worldwide, surpassing silver.</li>
</ul>
<p>Bernstein Research has recently suggested that investors should enhance their cryptocurrency portfolios, with a particular focus on <a href="https://coineagle.com/price/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a>.</p>
<p>This advice is in line with the recent surge in the cryptocurrency market, which has seen Bitcoin reach a new all-time high of $89.6k.</p>
<h2 id="the-call-to-invest-in-crypto">The Call to Invest in Crypto</h2>
<p>The advisory from Bernstein Research, released on Monday, urges investors to seize the opportunity presented by the current bullish trend in the cryptocurrency market. The research firm also warned against resisting this trend, stating, “Welcome to the Crypto bull market. Buy everything you can.”</p>
<p>Analysts at Bernstein Research, including Gautam Chhugani, Mahika Sapra, and Sanskar Chindalia, have pointed to a change in the political climate in Washington as a key factor driving the current bull run.</p>
<h2 id="bitcoin-s-potential-rise">Bitcoin’s Potential Rise</h2>
<p>Chhugani suggested that investors who have been wary of crypto due to regulatory uncertainties should reconsider their stance following the recent U.S election results. He anticipates a more crypto-friendly regulatory environment under President Donald Trump, starting with a pro-crypto SEC.</p>
<p>In a previous forecast, Bernstein Research predicted that Bitcoin could reach an ambitious target of $200,000 by next year. Despite the current price of $81K/bitcoin (+ 87% YTD), the firm maintains that the risk-reward ratio remains favorable over the next 12 months.</p>
<p>Experienced trader Peter Brandt has also shared a bullish outlook on Bitcoin. He pointed out that from March to October 2024, Bitcoin offered multiple buying opportunities during price breaks, setting the stage for a potential strong upward rally.</p>
<h2 id="altcoin-forecasts">Altcoin Forecasts</h2>
<p>Bernstein Research’s positive outlook extends beyond Bitcoin to include a variety of digital assets such as <a href="https://coineagle.com/price/ethereum/" rel="noopener noreferrer nofollow">Ethereum (ETH)</a>, Solana (SOL), Optimism (OP), Arbitrum (ARB), Polygon (POL), Uniswap (UNI), Aave (AAVE), and Chainlink (LINK).</p>
<p>The analysts predict a significant surge in altcoins as the regulatory environment around tokens becomes more relaxed. They expect Ethereum, Solana, and other digital assets to outperform Bitcoin over the next 12 months.</p>
<h2 id="bitcoin-surpasses-silver">Bitcoin Surpasses Silver</h2>
<p>Bitcoin has recently overtaken silver to become the 8th largest asset by market cap. According to CompaniesMarketCap, Bitcoin’s market capitalization stands at $1.76 trillion, while silver trails behind with a market cap of $1.71 trillion.</p>
<p>If Bitcoin’s price continues to rise, it could potentially surpass Saudi Aramco, the world’s largest oil company, marking yet another milestone in Bitcoin’s ascension among global assets.</p>

Grab every Bitcoin possible, implores Bernstein post latest record-breaking high

Table of Contents

CoinEagle.com

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