Amid Bitcoin's predicted surge to record highs exceeding $82,000, analysts from brokerage firm Bernstein are urging investors to rapidly integrate crypto assets into their portfolios, reports The Block.
"Don’t fight this. Welcome to the bull market. Buy all you can," stated Bernstein's analysts in a client note led by Gautam Chhugani.
Chhugani encouraged previously hesitant investors to reconsider their position following the U.S. elections, forecasting a more favorable regulatory environment for cryptocurrencies under Donald Trump’s leadership, including a new appointment for the U.S. Securities and Exchange Commission (SEC) chair.
In July, at the Bitcoin 2024 annual conference, President Trump announced his intention to replace SEC Chair Gary Gensler and create a strategic Bitcoin reserve. He also vowed to "end the war on digital assets," expressing his ambition for the United States to become the global hub for cryptocurrency.
"The momentum toward making Bitcoin a treasury asset held by corporations, governments, and institutions appears undeniable," Bernstein analysts remarked.
Strong indicators predicting market growth
Among the positive signs, Chhugani also highlighted the backing of Trump’s team and supporters, as well as the growing interest in Bitcoin spot ETFs, which have seen a surge in demand, attracting approximately $4.7 billion in recent weeks.
Recommended digital assets to buy
Bernstein's experts advised investing in a diverse portfolio of digital currencies, including Bitcoin, Ethereum, Solana, Opolis, Arbitrum, Polkadot, Uniswap, Aave, and Chainlink.
"We remain firm on our predicted Bitcoin price target of $200,000 by the end of 2025. Even at $81,000 per coin (+87% year-to-date), the risk-reward outlook appears highly favorable over the coming year," Chhugani stated.
Earlier, in September, Bernstein projected Bitcoin’s price to rise to $90,000 by the end of 2024 should Trump win the election.
