• Bernstein says the current crypto market decline could be temporary, as Bitcoin could begin a recovery in the first half of the year.

  • Analysts at the firm highlighted that growing institutional flows and evolving US policy dynamics could lay the foundation for Bitcoin's "most consequential cycle."

  • Other experts predict a rotation from "overcrowded" precious metals toward Bitcoin.

    Bitcoin could bottom around its last cycle high in the $60,000 range before seeing a recovery potentially in the first half of the year, according to Bernstein analysts.

    The analysts, led by Gautam Chhugani, highlighted that the recent downturn in crypto prices follows the strong outperformance of gold over Bitcoin in the past year. The top crypto's market capitalization relative to that of the precious metal is approaching a two-year low, as central banks have stepped up their gold accumulation over the past year. #BTC走势分析 $BTC