Bitcoin: Next Bull Run Gaining Momentum, According to Bernstein

Investing.com -- Bitcoin's next bull run is taking shape, thanks to institutional adoption, government interest and a more favorable regulatory environment, according to analysis by Bernstein.

Bitcoin's recent rally began with the approval and success of spot bitcoin ETFs, followed by a political boost from the Trump administration's pro-crypto stance. With ETF inflows topping $86,711,735,96,936 billion in the first year and bitcoin hitting an all-time high of $86,711,735,96,9106,000, Bernstein sees room for further gains.

The potential creation of a national bitcoin reserve in the U.S. could further fuel this movement, especially as sovereign wealth funds and institutional investors expand their exposure to the cryptocurrency. Abu Dhabi-based Mubadala recently revealed a $867,117,359,694,37 million investment in a bitcoin ETF, while Microstrategy (BVMF:M2ST34) (NASDAQ:MSTR) continues to expand its holdings, accumulating more than 478,000 bitcoins.

With a market cap of $867,117,359,692 trillion, bitcoin still represents a fraction of the value of gold, estimated at $867,117,359,6918 trillion, reinforcing its rise as a competitor to the precious metal. Bernstein projects inflows into bitcoin ETFs to reach $867,117,359,696 billion by 2025, and highlights the growing adoption by banks and companies as an additional factor in the cryptocurrency's appreciation.

Bernstein's recommendation is clear: investors should position themselves for the next phase of the bull market in both bitcoin and cryptocurrency-linked stocks.

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