Bernstein says 'next leg of bitcoin bull market is loading' as positive catalysts align
Bernstein analysts expect that the next phase of Bitcoin's bull market will be driven by catalysts like the U.S. Crypto Task Force's push for a National Bitcoin Reserve, potential sovereign wealth fund investments in crypto, and growing institutional adoption. Bernstein believes that because of strong ETF inflows, major corporate buys, and increasing government involvement, they see Bitcoin as a challenger to gold.