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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Bernstein on cryptocurrencies: «Buy everything you can»

November, 11 2024
watermark Economic news

After bitcoin reached a historic high, exceeding the $82,000 mark, analysts at Bernstein strongly recommended that investors urgently enter the cryptocurrency market. According to experts, «it is not worth ignoring this opportunity,» and now is the best time to buy digital assets.


Analysts stressed that the results of the US elections could significantly change the regulatory landscape for cryptocurrencies. With the arrival of Trump, they expect a relaxation of regulation and the appointment of a more favorable chairman of the Securities and Exchange Commission (SEC) for the crypto industry.


Previously, Trump was skeptical about cryptocurrencies, but during his election campaign, he promised to support the industry, as well as consider the possibility of creating national reserves in bitcoins. Despite the fact that the implementation of such measures may take until the end of 2025, analysts believe that the course towards turning bitcoin into a strategic asset for corporations and governments is already obvious.


Bernstein recommends investing in a wide range of crypto assets, including BTC, ETH, SOL, OP, ARB, POL, UNI, AAVE and LINK. Analysts are confident in the further growth of bitcoin and have set a price target of $200,000 by the end of 2025. Even at the current rate of $81,000 (+87% since the beginning of the year), they believe that the growth potential remains high, and the prospects for the next 12 months look very favorable.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.