Bernstein Election Sentiment Shifts towards Republicans Cryptocurrencies to Become Trump Trade

According to a report from The Block, research and brokerage firm Bernstein believes that despite recent market corrections, the structural adoption cycle of cryptocurrencies remains intact. If the sentiment towards the Republican Party shifts in the United States, cryptocurrencies will become a “Trump trade.” Bernstein emphasizes that the new bull cycle for cryptocurrencies is a multi-year opportunity, and the recent weakness may present a buying opportunity at lower levels. They still maintain a target price of $200,000 for Bitcoin by 2025.