Bernstein analysts presented the key drivers of bitcoin's growth to $200,000

They highlight growing institutional acceptance, demand for DeFi apps and the macroeconomic situation as key catalysts.

🇺🇸 Changes in US crypto policy after Trump's victory, including new appointments at the SEC and Treasury Department, will also play a role.

In addition, Trump is poised to form a strategic US bitcoin reserve, further fueling BTC growth.