According to a report from The Block, research and brokerage firm Bernstein believes that despite the recent market correction, the structural adoption cycle of cryptocurrencies remains intact. If the sentiment in the United States shifts towards the Republican Party, cryptocurrencies will become a “Trump trade”. Bernstein emphasizes that the new bull market cycle for cryptocurrencies is a multi-year opportunity, and the recent weakness may present a buying opportunity at lower levels. They still maintain their target price of $200,000 for Bitcoin in 2025.
Bernstein Election Sentiment Shifts towards GOP Cryptocurrency to Become Trump Trade