Bernstein: Trump will have a significant impact on bitcoin price

Bernstein analysts predict a new stage of bitcoin growth BTC $96,269.42 Bitcoin -0.24% Market capitalization $1.91 trillion VOL. 24 hours $1.67 billion , which may begin under the influence of the economic policy of the Donald Trump administration. The United States is expected to develop the crypto industry more actively, including creating a national bitcoin reserve and ensuring favorable regulation.

The current uptrend began in the fourth quarter of 2023 due to the expectation of the approval of US bitcoin ETFs. After their launch in January 2024, the price of BTC rose from $ 25,000 to $ 46,000, and the success of exchange-traded funds pushed quotes to a historic high of $ 74,000.

Bitcoin received another boost in November after Trump’s election victory. By the time of his inauguration on January 20, 2025, the value of BTC had already exceeded $ 109,000. Bernstein cites large investments in ETFs as additional growth factors, including the purchase of cryptocurrency assets by the Abu Dhabi sovereign wealth fund Mubadala for $ 436.9 million. Large institutional players, including Goldman Sachs, Barclays, and Strategy (formerly MicroStrategy), have also become more active in the market.

Analysts predict further capital inflows into BTC-ETFs, which could reach $ 60 billion in 2025. The SEC (U.S. Securities and Exchange Commission) has also eased restrictions on banks, which opens up opportunities for greater involvement of cryptocurrencies in traditional financial systems.

According to Bernstein’s experts, the growing demand for bitcoin may allow it to compete with gold. Currently, BTC’s capitalization is about $ 2 trillion, which is significantly less than the market value of gold ($ 18 trillion). Nevertheless, experts believe that this indicates a significant potential for further growth. At the same time, CryptoQuant warns that bitcoin may enter a bearish phase due to a possible decline in investor interest in risky assets.