Bernstein made this prediction in a 160-page report titled "Black Book" on the 22nd, expressing an optimistic outlook ahead of the US presidential election in November.
The report cites reasons why bitcoin miners continue to consolidate in the industry, including:
On the 23rd, Sigel posted on the X (formerly Twitter) platform, "Currently, 10 global asset management companies have regulated and managed approximately $60 billion (approximately 9 trillion yen) of assets.
"This compares with $12 billion in September 2022," he said in the Bernstein report.
Bernstein predicts that Wall Street will replace Satoshi as the largest Bitcoin wallet by the end of 2024.
Bitcoin will dominate the ETF market this year and be the most successful exchange-traded index fund launch in 2024, according to a post on X from Nate Geraci, president of The Store.
Bernstein, JPMorgan and hedge fund veteran Paul Tudor Jones made up six of the top 10.
Institutional analysts, including analysts at IRS Investors, Inc. and IRS analysts at Investors.com, are increasingly optimistic about Bitcoin ahead of the US presidential election in November.
"Investors are turning to gold and bitcoin as revaluation trades continue, with geopolitical tensions rising," JPMorgan said in an Oct. 3 report.
"We are preparing for a dire scenario as the situation worsens," JPMorgan said. Rising geopolitical tensions and the upcoming US presidential elections could intensify the "revaluation trade," with gold and Bitcoin expected to see a surge in prices.
He diagnosed the situation as favorable for both sides.
2024/10/24 17:39 KST
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