LATEST: Bernstein Recommends Buying Bitcoin and Other Cryptocurrencies Now

Bitcoin hits unprecedented highs above $80,000, spurred by Donald Trump’s recent electoral victory. Analysts at Bernstein recommend immediate investment in the crypto market, forecasting a highly favorable regulatory climate. The firm’s analysts, led by Gautam Chhugani, declare, “Welcome to the crypto bull market — buy everything you can,” stressing the reversal of previous regulatory apprehensions.

Trump’s administration is expected to foster a crypto-friendly environment with new SEC leadership, advocating for significant crypto policies, including a national bitcoin reserve. Bernstein highlights the broader acceptance of bitcoin as a corporate and government asset. Moreover, Trump’s team, including pro-crypto figures like JD Vance and coalition allies, support substantial industry investment, evidenced by recent heavy inflows into bitcoin ETFs.

The firm remains bullish with a $200,000 bitcoin price target by 2025. Current trading shows bitcoin at $82,054, reflecting a 94% rise year-to-date. With such momentum, Bernstein advises wide-ranging crypto investments, from ETFs to direct digital assets, signaling robust growth prospects for the industry.

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