TechFlow news — U.S. investment bank Bernstein forecasts in a recent research report that the cryptocurrency market, led by Bitcoin, is poised for an unprecedented rally. Bernstein believes this historic upswing will be triggered by Grayscale's victory in its lawsuit against the SEC.
Bernstein stated that unlike previous rallies driven primarily by retail investors, this powerful cycle will be institutionally led, as regulatory clarity emerges and long-term institutional investors strategically enter the market.
Bernstein analyzed that the market should not interpret recent positive developments as already priced-in events, but rather view them as solid foundations for sustained upward momentum.
Furthermore, Bernstein estimates that if spot Bitcoin ETFs are approved, they could capture approximately 10% of the cryptocurrency market share within the next three years.
