Bernstein: Currently, investors may view Bitcoin as a non-sovereign store of value.

2025-04-23 12:57:08

Abstract generation in progress

According to DL News, the price of Bitcoin surged above $94,000 on Wednesday, which some analysts believe indicates a shift in investors’ valuation of the asset. Gautam Chhugani, an analyst at the brokerage firm Bernstein, stated in a report to clients: “This is the best Bitcoin price performance I have seen in all my time researching cryptocurrencies. At times like this, it’s hard not to invest in cryptocurrencies.” Bitcoin has shown relative resilience during the decline of the Nasdaq index, and after the Nasdaq index rebounds, Bitcoin has also risen. Investors may now view Bitcoin more as a non-sovereign store of value, as well as a form of hedge against geopolitical uncertainty, policy mistakes, and currency devaluation.

BTC-1.16%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.