The post Crypto’s Potential as the ‘Trump Trade’ in Upcoming Elections, Says Bernstein appeared first on Coinpedia Fintech News
Despite short-term market concerns, Bernstein analysts stated that the structural adoption cycle of crypto remains strong. They mentioned crypto’s potential to become the primary ‘Trump trade’ if the Republicans win in the upcoming elections. Additionally, recent Bitcoin ETF outflows and mixed expectations for Ethereum ETF launches present challenges. However, Bernstein predicts large investments will follow ETF approval by major banks in Q3/Q4. The analysts point out crypto’s potential and predict that the Bitcoin ETF will be approved by major wirehouses, maintaining a price target of $200,000 by 2025. This would make crypto a multi-layer investment opportunity despite current volatility.