In a compelling endorsement of Bitcoin BTC/USD, Bernstein analysts assert that being long on the leading cryptocurrency aligns investors with what they term as “the right side of history.”

What Happened: Their latest report outlines Bitcoin’s robust trajectory, citing regulatory, institutional and macroeconomic catalysts driving its unprecedented growth.

Bitcoin has recently touched new highs, with its price hovering around $90,000 and within striking distance of the $100,000 milestone.

Bernstein analysts believe these gains are only the beginning.

“Bitcoin to $100,000 seems around the corner, and our $200,000 Bitcoin target for 2025 now looks not as delusional,” the report states.

The analysts highlight several catalysts propelling this bullish outlook, including regulatory clarity, Bitcoin ETF inflows and political momentum toward a U.S. Bitcoin reserve.

A shift toward crypto-friendly policies under the Trump administration further strengthens the case for Bitcoin’s dominance.

“We expect the SEC chair and Treasury position to be filled by a pro-crypto candidate, which will set a positive tone for the market regardless of specific appointments,” Bernstein wrote.

The report also underscores a fundamental shift in Bitcoin adoption. What began as a retail-driven market is now led by institutions, corporates and potentially sovereign entities.

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Bernstein envisions the next Bitcoin cycle being “sovereign-led,” with nation-states recognizing Bitcoin as a strategic asset. “The political winds of change are favoring candidates that prefer crypto deregulation and oppose surveillance from central bank digital currencies,” the analysts noted.

Bitcoin ETFs, a significant driver of demand, have accumulated $92 billion in assets under management. Weekly inflows are averaging $1.7 billion, underscoring the increasing institutional appetite.

Bernstein also pointed to MicroStrategy’s $42 billion fundraising effort over three years as another major source of Bitcoin demand, reflecting a long-term bullish sentiment.

“If you are long, we expect you will be on the right side of Bitcoin history,” the report stated.

Bernstein emphasizes that this is not merely a short-term trade but a structural allocation opportunity with horizons extending 12-18 months or more.

What’s Next: As the crypto industry continues to evolve, these insights will take center stage at Benzinga’s Future of Digital Assets event on Nov. 19, offering investors and enthusiasts a chance to explore the transformative potential of digital currencies like Bitcoin.

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