Investors have acknowledged a resurgence of interest in cryptocurrencies and the need to ramp up activities in this sector following the U.S. presidential election. This is according to a Bernstein report, as reported by The Block.
The firm’s clients are still uncertain about what “transformations await the digital asset regulatory regime.”
“It’s just the beginning. Investors are only starting to explore cryptocurrencies,” noted the analysts.
Interest is currently focused on mining and exchange stocks, as well as catalysts for Bitcoin growth. Part of the debate also centered on the “disruptive impact of stablecoins amid impending legislative changes.”
“Investors have shown curiosity and a neutral stance towards digital gold. Conversations remain focused on securities due to the inability to directly acquire the first cryptocurrency or participate via ETFs,” the report states.
Regarding MicroStrategy shares, clients questioned the impact of purchases on the digital gold market and the risks associated with the company’s Bitcoin strategy.
Experts disagreed with the view of its indebtedness. They believe the corporation has sufficient capacity to issue additional instruments and increase its reserve of held coins.
According to specialists’ calculations, the total volume of first cryptocurrency purchases by corporations, including MicroStrategy, will double by 2025—from $25 billion to $50 billion.
Bernstein identified Robinhood as one of the most promising ideas in the CEX sector amid an anticipated wave of deregulation. The online broker offers competitive fees and a wide range of tokens, which will help withstand pressure from new players like Charles Schwab.
In the mining sector, experts highlighted Core Scientific “due to strong partners and experience,” as well as Riot Blockchain for its “shift towards AI” and comparatively low valuation multiples.
Earlier, Standard Chartered urged buying Bitcoin, taking advantage of a drop due to the DeepSeek factor. Prior to this, analysts predicted a rise in the digital gold price to $200,000 by the end of the year.
Previously, CoinDesk pointed out the risks of a “double top” formation in the asset with a target of $75,000.