U.S. investment bank Bernstein projected that the cryptocurrency market has not yet reached its golden age and that structurally higher peaks and a long-term bull market are on the horizon. According to The Block, a Bernstein analyst team led by Gautam Chhugani stated, “The cryptocurrency market, centered around Bitcoin, is building stronger fundamentals. Bitcoin's $60,000 is acting as a clear floor, and the price will approach $80,000.” They added, “Institutional investors' demand for Bitcoin continues, and MicroStrategy's consistent purchases are also a positive factor.” They also explained, “While quantum computing could be a long-term risk, the blockchain ecosystem has ample time to transition to post-quantum security.”
