Bernstein: Bitcoin will hit new highs as companies increase holdings and ETF "supply tightening" intensifies
This year, the Bitcoin price narrative fluctuates between the "gold" and "Nasdaq" correlations, but Bernstein analysts believe that short-term correlations are highly misleading, and the exhaustion of retail selling, the wave of corporate holdings, and the return of ETF funds are the key indicators, which may drive "supply tightening" to new highs.
