Bernstein: Bitcoin's target at $200
thousand "high conviction but cautious"
In a client memo on Monday, Bernstein analysts reaffirmed their conviction in Bitcoin, maintaining a "price target with high conviction but cautious" at $200,000 for this
cycle.
However, the recent "digital assets memo" highlights the broadening public interest in the financial innovation sparked by blockchain technology, surpassing Bitcoin's use case as a "store
of value".
Bernstein notes that while many investors distinguish between
"blockchain (a useful technology) and cryptocurrencies (useless)" this distinction has become unclear. #بتكوين #البتكوين
