Key Points
- Bernstein Research encourages investors to increase their cryptocurrency exposure, led by Bitcoin’s growth.
- Bitcoin has overtaken Silver as the 8th largest asset by market cap, with a forecast of potentially reaching $200k.
The cryptocurrency market continues to show significant growth, led by Bitcoin (BTC).
Bernstein Research recently released an advisory, encouraging investors to increase their cryptocurrency exposure. The firm also warned against resisting the current trend.
Bitcoin’s Potential Rise
Bernstein’s analysts highlighted a change in Washington’s political climate as a key factor for the current bull run. They believe investors who previously avoided crypto due to regulatory concerns should reconsider their stance following the U.S election results.
The analysts anticipate a crypto-friendly regulatory environment under President Donald Trump, starting with a pro-crypto SEC. They also predict that Bitcoin could reach an ambitious target of $200,000 by next year.
Altcoin Forecasts and Bitcoin’s Current Position
In addition to Bitcoin, Bernstein’s optimistic outlook also includes a range of digital assets such as Ethereum (ETH), Solana (SOL), Optimism (OP), Arbitrum (ARB), Polygon (POL), Uniswap (UNI), Aave (AAVE), and Chainlink (LINK).
The analysts predict a major surge in altcoins, stating that as the regulatory environment around tokens eases, they expect Ethereum, Solana, and other digital assets to outperform Bitcoin over the next 12 months.
Furthermore, Bitcoin has now replaced Silver as the 8th largest asset by market cap. According to CompaniesMarketCap, BTC has a market capitalization of $1.76 trillion, while silver trails behind with a market cap of $1.71 trillion.
If Bitcoin’s price continues to rise, it could potentially overtake Saudi Aramco, the world’s largest oil giant, marking another milestone in BTC’s rise among global assets.