Bernstein According to a research report published by Bitcoin The slowdown in exchange-traded fund (ETF) inflows should be viewed as a short-term pause in the market, not the beginning of a negative trend.
Bernstein Report: Bitcoin ETF Slowdown No Cause for Concern
The report published today suggests that it is taking time for investment platforms to establish the necessary compliance framework to include Bitcoin ETF products.
Bitcoin, the world’s largest cryptocurrency, is experiencing a period of price consolidation following the recent halving event, with no clear momentum in either direction.
Analysts Gautam Chhugani and Mahika Sapra noted in the report that there is a natural waiting period for Bitcoin to become an acceptable portfolio allocation proposition and for platforms to establish compliance frameworks to sell Bitcoin ETF products.
Despite the current slowdown in ETF inflows, Bernstein maintains his bullish outlook on Bitcoin and reiterates his expectation of a bullish cycle with a projected price of $150,000 by 2025.
The report emphasizes that the unprecedented demand for ETFs further strengthens the firm’s belief in Bitcoin’s long-term potential.
Additionally, Bernstein underlines the health of the Bitcoin mining cycle post-halving, as major players continue to consolidate their market share.
The report also states that Bitcoin network fees have normalized to around 10% of miners’ revenues following a spike following the halving event earlier this month.
Bernstein suggests that Bitcoin’s overall trajectory remains positive and has the potential to gain greater adoption and value in the coming years.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/dev-yatirim-sirketi-bernsteindan-bitcoin-etf-raporu-bitcoindeki-duraklama-olumsuz-degil-iste-detaylar/
