Despite a recent approximately 25% drop, Bitcoin’s market is fundamentally stronger and analysts expect a mild correction, not a major downturn, says Bernstein. This confidence is bolstered by strong crypto absorption by long-term holders and robust institutional bitcoin asset management. The firm’s analysts, including Gautam Chhugani, see an upward multi-year trend punctuated by moderate corrections. Future market dynamics are contingent upon institutional ownership, crypto legislation, and the favorable liquidity environment.
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