Bernstein's strong stance: The surge in Ethereum is a 'financial revolution', not a speculation frenzy!
Wall Street's top investment bank Bernstein's latest report has caused a stir: The nearly 45% surge in Ethereum is not a traditional bull-bear cycle but the start of the 'blockchain financial services cycle'!
What does this mean? Three signals reveal the essence:
Institutions are frantically buying ETH: Giants like BlackRock and Franklin Templeton are sweeping ETH, with a record net inflow of $727 million into spot ETFs last week. Institutional funds are no longer just hoarding Bitcoin, but treating ETH as 'financial infrastructure fuel';
Banks are entering the crypto market: Traditional banks like Goldman Sachs and JPMorgan are secretly hoarding ETH for blockchain transaction fees—ETH has become 'the new oil of the financial world';
Policy nuclear bomb assistance: The U.S. President just signed the (GENIUS Act), officially legalizing stablecoins in the U.S.! With Ethereum accounting for 51% of the global stablecoin supply, it directly benefits from policy dividends.
Bernstein's original words: 'This is not a cryptocurrency boom-bust cycle, but the beginning of blockchain financial services!'
The three driving forces behind the surge: stablecoins, Layer 2, and short squeezes!
Stablecoins + tokenization frenzy: The 'on-chain movement' of traditional finance
BlackRock and Fidelity are turning real estate and stocks into on-chain tokens, with $22 billion in assets already 'on-chain', and Ethereum is the absolute main battlefield (accounting for 51% of on-chain assets);
Payment giants like Western Union and Payoneer are collectively entering stablecoin payments, halving cross-border remittance costs, making ETH the global financial highway.
Layer 2 becomes a new gold mine for institutions: Wall Street is building chains to make money!
Institutions like Goldman Sachs and Robinhood are building their own Ethereum Layer 2 chains, using ETH to pay gas fees—the Base chain generates $85 million in annual fees, greatly increasing ETH demand;
The number of Layer 2 chains has doubled in six months, with institutions eager to become 'on-chain landlords', and ETH becoming hard currency.
Hedge fund short squeezes: Panic selling pushes ETH higher!
In the past 18 months, hedge funds have crazily 'shorted ETH + longed BTC/SOL.' Now, as blockchain finance rises, the short logic collapses, and hundreds of billions of capital rush to close short positions overnight, causing ETH to skyrocket.
Impact on ordinary people's wealth: Three major dividends are about to explode!
The explosion of compliant financial products allows retail investors to earn institutional dividends effortlessly
BlackRock's ETH ETF is now live, buying stocks = holding ETH;
Coinbase has just opened legal trading for perpetual contracts in the U.S., bringing back hundreds of billions of capital;
Next focus: IPOs of compliant giants like Circle (stablecoin), BitGo (custody) are imminent, providing opportunities for profitable holdings.
Layer 2 ecosystem wealth opportunity: A shovel is worth more than gold
Layer 2 chain explosion creates 'shovel sellers' business opportunities:
OP** (Optimism), **ARB (Arbitrum) and other Layer 2 tokens;
LDO** (Lido), **RPL (Rocket Pool) and other staking protocols;
Decentralized insurance $NXM (Nexus Mutual).
NFTs are being financialized: Whales are already taking action!
A mysterious address 0x1bb351…72d6 crazily bought 2080 ETH to bottom out 45 CryptoPunks, with the total market value of NFTs surging 17% in a single day to $6 billion;
Blue-chip NFTs (like Punks, BAYC) will become institutional collateral, with arbitrage opportunities in staking and lending emerging!
Beware! Three major risk points in the new cycle
Regulatory dark arrows: South Korea suddenly raided token lending (like Bithumb's 400% leverage), the U.S. White House's crypto policy will be announced this week, keeping a close eye on compliance red lines;
Technical Point: If the Ethereum 2.0 upgrade is delayed, Layer 2 congestion may adversely affect the experience;
Increased volatility: Institutional entry ≠ only up and no down, ETH once plummeted 3% in a single day, leverage players should be cautious with contracts!
Conclusion: The '1949 Moment' of blockchain finance
As BlackRock turns real estate into on-chain tokens, Goldman Sachs builds its own Layer 2 to collect rents, and Western Union uses stablecoins for remittances—traditional finance's walls are collapsing, and a new blockchain empire is being crowned.
Bernstein's judgment is not a prediction, but a proclamation of an era's arrival: the era of speculation on coins is ending, and the era of financial infrastructure is rising!
(Ailes knocks on the blackboard: Don't wait until it breaks $5000 to regret! Follow me, tonight I will reveal the tenfold wealth code of Layer 2)
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