Bernstein: Cryptocurrency ETFs to Attract Billions of Dollars Within Two Years, ETH Paves the Way for Other Blockchain Tokens

Bernstein has always held an optimistic view of Bitcoin. In a previous report, it was pointed out that the introduction of spot Bitcoin ETFs and the participation of major brokerage traders will continue to provide structural demand for Bitcoin. Bernstein has consistently believed that Bitcoin will reach a cyclical high of $150,000 in 2025, with a target price of $90,000 by the end of 2024.