Bitcoin Blasts Past $82,000: 'Buy Everything You Can,' Says Bernstein

Murtuza Merchant

November 11, 2024

Bernstein on Monday reiterated a robust bullish stance on the crypto market, encouraging investors to "buy everything you can" as Bitcoin surged above the $82,000 mark on Monday morning.

What Happened: Bitcoin (CRYPTO: BTC) is trading at $82,300, up 3.7% for the day, setting yet another all-time high.

Ethereum (CRYPTO: ETH) meanwhile, is trading $3,180, flat, on Monday morning European trading hours.

Bernstein highlights the favorable regulatory environment under the incoming Donald Trump administration, which it believes will significantly impact the crypto market’s growth trajectory.

"Don't fight this – add crypto exposure asap," the report states, noting that the recent election has positioned the digital asset market to benefit from a pro-crypto agenda.

The report highlights a shift in investor sentiment, particularly for those who previously avoided crypto due to regulatory concerns.

Also Read: Cardano Up 13% As Speculation Around Charles Hoskinson As Trump Crypto Policy Advisor Bubbles

Bernstein suggests these investors "invert their mental model," as the regulatory climate, driven by pro-crypto officials in the Trump administration, is now more favorable than before.

A pro-crypto SEC, as envisioned by the report, could help alleviate regulatory headwinds, potentially turning them into tailwinds for the industry.

Bernstein's digital assets team describes the new landscape as one primed for mainstream crypto adoption and growth, signaling opportunities for tokens, crypto ETFs, and Bitcoin miners.

In detailing strategic investments, Bernstein identifies Bitcoin ETFs, AI-focused miners, and digital assets with high growth potential as promising areas for investors.

Notably, MicroStrategy's (NASDAQ:MSTR) plan to raise $42 billion over three years to acquire additional Bitcoin is highlighted as a strong signal of market confidence.

"Even at $81K/Bitcoin, we believe risk-reward is favorable over the next 12 months," Bernstein's analysts assert, setting a price target of $200,000 for Bitcoin by 2025.

What’s Next: Bernstein's report comes just before the Benzinga Future of Digital Assets event on Nov. 19, where industry experts will discuss such forward-looking strategies and analyze the evolving dynamics of the digital asset market.

Read Next:

‘Crypto Queen’ Ruja Ignatova, OneCoin’s $4 Billion Fraud Mastermind, Is Alive And In South Africa, German Police Suspects

Image: Shutterstock

Recommended

50-Yr Wall Street Vet: "Everything Just Changed" - Ad

Warning: New Tech Breakthrough Threatens to Send Stock Market Tumbling - Ad

A Simple Options Strategy for Weekly Income - Ad

SAN FRANCISCO (AP) — A tech consultant charged with murder in Cash App founder Bob Lee’s stabbing death sparred with the lead prosecutor at trial Thursday, interrupting questions asked of him with his own questions as he was grilled on his testimony.

Donald Trump has sweeping plans for a second administration. Here's what he's proposed

WASHINGTON (AP) — Donald Trump has promised sweeping action in a second administration.

Our No. 1 Defense Stock to Own Right Now

Our No. 1 Defense Stock to Own Right Now - Ad

In multiple wargames, U.S. forces were overwhelmed and unable to stop Chinese amphibious assaults from seizing the island. With tensions at a boiling point, the economic fallout could be devastating. Get the details on the weapons makers set to boom if war breaks out.

Hong Kong reporter says she'll sue Wall Street Journal for dismissal because of her union role

HONG KONG (AP) — A former Hong Kong reporter of The Wall Street Journal on Tuesday said she'll sue the publication for because she joined a trade union.

Trump Won't Ask Haley Or Pompeo To Join New Administration

Donald Trump has announced that neither former Nikki Haley nor Mike Pompeo will be included in his new administration.

Forget Nvidia, Apple, Tesla, and Google

Forget Nvidia, Apple, Tesla, and Google - Ad

Market Wizard Larry Benedict: "Forget 99% of stocks: It's possible to make all the money you need for a happy retirement with just this one."

Dutch appeals court overturns landmark climate ruling against Shell

THE HAGUE, Netherlands (AP) — A Dutch appeals court on Tuesday overturned a landmark ruling that to cut its carbon emissions by net 45% by 2030 compared to 2019 levels, while saying that "protection against dangerous climate change is a human right.”

Elon Musk's Mother Does Harris Impression During TV Appearance

Maye Musk, mother of Elon Musk, has sparked a flurry of reactions following her controversial imitation of Kamala Harris on Fox Business.

This Weight Loss Drug Loophole Is Set to Make Investors Incredibly Wealthy

This Weight Loss Drug Loophole Is Set to Make Investors Incredibly Wealthy - Ad

Thanks to this rare FDA loophole, the world's most in-demand weight loss drugs have effectively just gone "off patent" for a short amount of time... Creating a once-in-a-lifetime profit window for investors.

Elon Musk Want His 11 Kids, Their Mothers To Live In Secret Compound He Bought, New Report Says

Elon Musk could be building a new family compound made up of several mansions to house his children and their mothers, according to a new report.

Protests in Georgian separatist region block bridges to capital

TBILISI, Georgia (AP) — Protesters on Tuesday blocked bridges leading to the capital of the Georgian separatist region of Abkhazia as tensions flared in a dispute over a proposed law that would encourage Russian investment.

The Biggest Post-Election Market Shift Ever?

The Biggest Post-Election Market Shift Ever? - Ad

The post-election market rally played out almost exactly like he predicted. Here's what this 25-year Wall Street legend is calling for next.

Elon Musk Joined Trump's Call With Zelenskyy

Elon Musk was a surprise guest on a phone call between President-elect Donald Trump and Ukrainian President Volodymyr Zelenskyy.

A suspected attack by Yemen's Houthi rebels sees explosions near ship in Red Sea

DUBAI, United Arab Emirates (AP) — A suspected attack by saw multiple explosions strike near a vessel traveling through the Red Sea on Tuesday, though no damage was immediately reported by the ship, authorities said.

AI Market Shock Coming November 19th?

AI Market Shock Coming November 19th? - Ad

Jeff Brown predicts an AI market shift, potentially happening by November 19th, led by Bill Gates' Stargate project. Get ahead of the curve before the next AI market shock.

Mark Cuban's Million-Dollar Advice To Teens: 'If I Were 16 Again, I'd Start This Lucrative Side Hustle'

Mark Cuban says that the potential of AI could offer the ideal side hustle for teenagers.

Many retailers offer 'returnless refunds.' Just don't expect them to talk much about it

It's one of the most under-publicized policies of some of the biggest U.S. retailers: sometimes they give customers full refunds and let them keep unwanted items too.

Sam Altman, Bill Gates and More Are Making Some Strange Investments

Sam Altman, Bill Gates and More Are Making Some Strange Investments - Ad

As a Silicon Valley insider, Michael Robinson's uncovered an even bigger story than AI... A mysterious investment that could be the savior of the tech industry. Big Tech executives -- including Sam Altman, Bill Gates and Mark Zuckerberg -- are throwing large sums of money at it. This is the next frontier of tech investing...

Lucid CEO Scrambles For Damage Control As Shares Plunge 47% This Year: 'As A Major Shareholder...Believe Me, Nobody Is More Incentivized Than Me For Success'

Shares of EV maker Lucid Motors closed at $2.21 on Friday, down by nearly 47% since the start of this year.

Relaxation Emerges As Strongest Predictor Of Psychedelic Therapy Benefits, Study

Study reveals relaxation, not mystical experiences, as the main factor in the success of psychedelic therapy for treatment-resistant depression.

What Are You Hiding Elon?? (Tesla's Secret 69% Dividend)

What Are You Hiding Elon?? (Tesla's Secret 69% Dividend) - Ad

Tesla doesn't pay a traditional dividend.... But I just discovered a secret backdoor to collect a secret 69% dividend from Tesla... Which could put up to $7,013 in your pocket every month... Starting NEXT MONTH! But if you want in, you better hurry... A new income opportunity like this won't fly under the radar for long.

Bumble Catalysts Show Efficiency Gains, But Analyst Flags Growth Risks

BofA analyst reiterates underperform rating on Bumble with a $5.75 price target, citing OPEX efficiency improvements, in-line revenue, and cautious outlook.

Elizabeth Warren Says Trump And His Transition Team Are Already Crossing Legal Boundaries: 'I Would Know Because I Wrote The Law'

Elizabeth Warren accused Donald Trump and his transition team of violating legal requirements for preventing conflicts of interest, as Trump has yet to sign mandatory ethics agreements.

Is This Nvidia's Secret Weapon?

Is This Nvidia's Secret Weapon? - Ad

You've likely heard about Nvidia's incredible success in AI. But without this startup's technology, Nvidia's groundbreaking AI chips simply wouldn't be possible. It's still flying under the radar. That could change very soon with a major announcement on the horizon.

Republicans On The Verge Of Seizing Control Of US House, Paving Way For Bold Reforms In Trump's Second Term

The Republican party is on the brink of securing control of the U.S. House of Representatives, a development that could significantly impact the legislative landscape when Donald Trump makes a White House comeback in January.

How Trump's Tax Cuts, Tariffs, 'Animal Spirits' Could Shape S&P 500 Earnings

Trump's pro-business policies, including tax cuts and deregulation, could drive S&P 500 earnings higher by 11% in 2025 and 7% in 2026, but tariffs on Chinese imports pose a downside risk.

Why Is Elon Keeping This Tesla Income Strategy Under Wraps?

Why Is Elon Keeping This Tesla Income Strategy Under Wraps? - Ad

Elon Musk has a lot of secrets... but here's one you won't believe: While Tesla doesn't pay a traditional dividend, there's a hidden way to collect up to 69% income from this stock every single year. Wall Street's just starting to catch on to this income opportunity, and it's only a matter of time before everyone else follows.

Nuclear Stocks Are Tumbling Monday: What's Going On?

Nuclear stocks are trading lower across the board on Monday after regulators rejected Talen Energy Corp's (NASDAQ:TLN) plans to increase power for an Amazon.com Inc (NASDAQ:AMZN) data center.

For nearly a decade, climate talks have been hashing out so-called Article 6. But what is it?

BAKU, Azerbaijan (AP) — After nearly a decade of negotiations, leaders during the United Nations climate conference's first day decided on some of the finer points of much-debated sticking point aimed at cutting planet-warming emissions from coal, oil and gas.

The 20 Year Bull Market Is Here - And This Tiny Company Holds the Keys

The 20 Year Bull Market Is Here - And This Tiny Company Holds the Keys - Ad

Without vast amounts of energy, AI will NEVER scale. Microsoft, Tesla and Google are all begging for more. Even signing multi-decade deals to secure private sources of this powerful energy to fuel their data centers.. Best of all, a company with quite possibly the most potential in this sector trades for less than $1...

Text of the policy statement the Federal Reserve released Thursday

WASHINGTON (AP) — Below is the statement the Federal Reserve released Thursday after its latest policy meeting ended:

Microsoft fires employees who organized vigil for Palestinians killed in Gaza

Microsoft has fired two employees who organized an unauthorized vigil at the company's headquarters for Palestinians killed in Gaza during Israel's war with Hamas.

Discover Canada's Hidden $54,000 Rocks That Could Power the Future of AI!

Discover Canada's Hidden $54,000 Rocks That Could Power the Future of AI! - Ad

A tiny company has found something incredible in North America: boulders worth up to $54,000 each. Contained in each is a super fuel, packed with deposits 8x richer than the global average, it may be the only deposit in the world of this caliber. With energy prices soaring, this tiny miner is set to become a major player in powering AI and beyond. Unearth this rare opportunity before Wall Street finds out what they've discovered.

Which Industries Have The Highest Cannabis Consumption At Work? New Data Has Answers

Explore the latest CDC analysis on workplace cannabis use across industries. Discover which sectors are driving this trend!

Wendy's closing 140 more restaurants as part of push to update its locations

Wendy’s plans to close 140 U.S. restaurants before the end of this year on top of the 100 it said it would close in May.

The Next Wave of Tech Is Beyond AI

The Next Wave of Tech Is Beyond AI - Ad

Big Tech is currently making a series of peculiar investments in a few strange companies. In fact, Elon Musk says these investments are critical when it comes to solving the number one problem facing AI. Now, Silicon Valley legend Michael Robinson has identified two companies that could play a significant role in the solution. Their stocks just may be the key to AI 2.0.

Retrial of military contractor accused of complicity at Abu Ghraib soon to reach jury

ALEXANDRIA, Va. (AP) — A jury could begin deliberations as soon as Thursday on whether a Virginia-based military contractor bears responsibility for the abuse of detainees 20 years ago at Iraq's infamous Abu Ghraib prison.

Cathie Wood Bets Big On Mark Zuckerberg: Ark Pours $19M Into Meta Shares, Dumps Palantir And Tesla Stock

On Thursday, the Cathie Wood-led Ark Invest made significant moves in the market, with prominent trades involving Tesla Inc. (NASDAQ:TSLA), Meta Platforms Inc.

The Mysterious VC Firm Behind Nvidia's Secret Weapon

The Mysterious VC Firm Behind Nvidia's Secret Weapon - Ad

In 1999, Sutter Hill Ventures made a bold bet on Nvidia before anyone had heard of it. Now, they're going all-in on Nvidia's hush-hush partner that's powering their new Blackwell chip. Discover the little-known company that's attracting massive investments from the visionaries behind Nvidia's 100,000% rise.

Luxury SUV test: Edmunds compares the Lincoln Nautilus and Mercedes-Benz GLC

While Lincoln’s full-size Navigator is great for big families and towing, the recently redesigned should have broader appeal for SUV shoppers. It’s a midsize SUV that seats five and boasts distinctive styling, lots of premium features, and an eye-catching curved display that spans the width of the dashboard. So how does this Lincoln measure up to the competition? To find out, the car experts at Edmunds compared it to the , a benchmark for luxury SUV excellence.

Trending Now

Bitcoin Hovers Around $90K, Ethereum, Dogecoin Extend Trump Victory Rally: How Long Before BTC Hits $100,000? Analysts Reveal

The No. 1 Gold Play for 2025 - Ad

Round 2 in the Trump-vs-Mexico matchup looks ominous for Mexico

Tim Cook Underscores 'Several Positive Signs' In Apple's China Performance, Refrains From Talking About Economic Stimulus: 'Don't Want To Ad-Lib On The Effect Of It'