Investing.com — The crypto bull market is here, according to Bernstein, whose message to investors is clear, “Buy everything you can.”
Bernstein analysts on Monday (NASDAQ:) outlined their very bullish stance on the cryptocurrency sector, primarily due to a favorable regulatory environment expected under the administration of President-elect Donald Trump.
“We expect a crypto-friendly regulatory environment under Trump, starting with a pro-crypto SEC,” analysts led by Gautam Chhugani said in a note. “Aides in the Trump’s transition teams are explicitly pro-crypto,” they added.
‘s price soared past the $80,000 mark over the weekend, a rally that coincided with President-elect Trump’s crypto-friendly policy announcements. Among these, the most notable for Bitcoin is the proposal to establish a national Bitcoin stockpile, which would involve the US government and its agencies holding and acquiring Bitcoin as part of a strategic reserve.
Although such a move would require legislation and might only come to fruition in 2025, Bernstein views this as a clear sign of Bitcoin’s potential integration into national treasuries.
The investment said it “remains confident”…
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