- Bernstein, a $725 billion asset manager, urged investors to buy Bitcoin as soon as possible due to the bull run driven by Donald Trump’s 2024 presidential election win.
- Bitcoin recently reached an all-time high price above $82,000, which was the second time it set a record since Trump’s re-election.
- Bernstein analyst Gautam Chhugani stated, “Don’t fight this… Welcome to the crypto bull market…buy everything you can,” as experts predict Bitcoin could reach $100,000 before Trump’s inauguration.
Donald Trump‘s 2024 election win has sparked a new Bitcoin bull run, driving the price to an all-time high of $82,000. Asset management firm Bernstein is urging investors to buy Bitcoin “as soon as possible” before the price rises even further.
Trump’s Election Sparks Bitcoin Bull Run
After Donald Trump’s 2024 re-election victory was confirmed, Bitcoin’s price began surging to new highs. This past weekend, Bitcoin reached an all-time high above $82,000. This is the second time the leading cryptocurrency has hit a new record high since Trump’s win.
Many experts predict this is just the beginning, and Bitcoin will continue skyrocketing in value now that Trump, the first pro-crypto President, will take office. The election is seen as a hugely significant event for the cryptocurrency industry.
Bernstein Urges Investors to Buy Bitcoin Now
With Bitcoin’s value rapidly increasing, asset manager Bernstein has told investors the time to buy is now. Bernstein analyst Gautam Chhugani said clients should “buy everything you can” and not resist the ongoing crypto bull market stemming from Trump’s victory.
Chhugani called on hesitant investors to change their mindset and gain exposure to Bitcoin and crypto assets as soon as possible before prices climb even higher.
Institutions Embrace Bitcoin
Bitcoin has seen a surge of interest from institutional investors this year. Major firms like BlackRock and Fidelity have launched Bitcoin ETFs, providing easy crypto access to institutional investors.
Bernstein is just the latest major financial firm to champion Bitcoin investment. They recognize Trump’s win and embrace of crypto marks a turning point for the industry. The Bitcoin bull run is expected to continue as more institutions invest.
Conclusion
Bernstein’s urgent call for investors to buy Bitcoin signals expert consensus that prices will keep rising under President Trump. While Bitcoin has already reached new highs, analysts expect it could hit $100,000 soon and continue climbing over the next four years.
