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Bernstein: "Bitcoin Likely to Rise in the Long Term"

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Son Min
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  • Bernstein reported that Bitcoin is likely to rise as it gains attention as 'digital gold' amid global economic uncertainty.
  • The report stated that continuous institutional demand, the U.S. government's strategic Bitcoin reserve, and the expansion of the virtual asset business in the financial sector will act as catalysts for the rise.
  • It was projected that the Bitcoin buying trend of institutional investors and the U.S. government will continue, supporting Bitcoin's long-term rise.
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Bernstein has analyzed that Bitcoin (BTC) is likely to rise in the long term due to five structural reasons.

According to Investing.com on the 22nd (local time), Bernstein stated in a report, "Bitcoin holds the status of 'digital gold.' It will become an asset that attracts more attention amid global economic uncertainty," forecasting a significant long-term rise.

Furthermore, they presented five catalysts supporting Bitcoin's rise. These are △continuous institutional demand △U.S. government's strategic Bitcoin reserve △expansion of virtual asset business in mainstream finance △stablecoin regulatory legislation △investment in virtual asset infrastructure by asset managers.

In particular, they predicted that institutional investors and the U.S. government's Bitcoin buying trend will continue. The report explained, "About 80 global companies, including Strategy, have adopted Bitcoin as a financial asset," adding, "Moreover, the decrease in Bitcoin spot ETF outflows in April also suggests a movement of institutional Bitcoin repurchases." Additionally, they mentioned the possibility of the U.S. government directly purchasing Bitcoin from the market for reserves.

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit

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