Bitcoin Fundamentals Have Never Looked Better: Bernstein

Bitcoin Fundamentals Have Never Looked Better: Bernstein

Bitcoin (BTC) is expected to emerge as a global macropolitical asset with a more-than $3 trillion market cap, quadrupling by mid-2025, broker Bernstein said in a research report Monday.

Bernstein says the cryptocurrency’s fundamentals have never looked better, noting that 70% of the outstanding supply hasn’t been traded in the past year.

“This is an all-time high in bitcoin’s history – these churn rates are extraordinary for a financial asset, particularly one known for its exponential moves driven by a supply squeeze,” analysts led by Gautam Chhugani wrote.

Trending: Former Virginia Election Official Indicted For Allegedly Changing Results Of 2020 Presidential Election, Court Papers Say

Another potential positive catalyst is the bitcoin halving, likely in April or May next year. According

Continue reading


Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!