Bernstein: "As soon as possible" increase investment in the cryptocurrency industry

With Donald Trump winning the election last week, Bitcoin prices broke new historical highs. Analysts from research and brokerage firm Bernstein urged investors to "increase their investments in the cryptocurrency industry as soon as possible."

The analysts wrote in a report: "Welcome to the bull market of cryptocurrencies, buy everything you can."

Analysts urge those who have avoided investing in cryptocurrencies due to regulatory issues to "change their mindset" after the results of the US election are announced. They pointed out that starting with the new chairman of the U.S. Securities and Exchange Commission, people expect a crypto-friendly regulatory environment after Trump took office.

The analysts stated that although establishing new strategic reserves requires legislation and may not be realized until later in 2025, but "the direction of Bitcoin becoming treasury assets held by enterprises, governments, and institutions is obvious to us."