Bernstein: Crypto yet to peak, sees $60K as clear floor for Bitcoin

U.S. investment bank Bernstein has projected that the cryptocurrency market has not yet reached its golden age, anticipating structurally higher peaks and a long-term bull market. According to The Block, a team of Bernstein analysts led by Gautam Chhugani stated that the crypto market, centered on Bitcoin, is building stronger fundamentals. The analysts noted that $60,000 is acting as a clear floor for Bitcoin, with the price expected to approach $80,000. They added that institutional demand for Bitcoin is ongoing and that consistent buying from MicroStrategy is a positive factor. Furthermore, they explained that while quantum computing could pose a long-term risk, the blockchain ecosystem has sufficient time to transition to post-quantum security.