Investing.com — Bernstein analysts urged investors in a note Thursday to buy as a favorable shift in the regulatory environment could provide a major boost to crypto.
The note, released early on Wednesday, states that with Donald Trump having won the U.S. presidential race and a likely GOP-controlled Senate, the long-standing regulatory headwinds for crypto could turn into “a tailwind,” potentially unlocking significant growth in the market.
“The market is nowhere close to factoring in this shift,” Bernstein analysts state, highlighting the potential for accelerated regulatory clarity in the crypto space.
They believe the impact of the shift was already evident, with Bitcoin recently breaking all-time highs, reaching over $74,000. The broader crypto market reacted positively, with up 8% to $2,600 and surging 16% to $160.
Bernstein expects this trend to continue, stating, “We recommend buying the Bitcoin strength here,” and suggests taking advantage…
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