According to a report by global investment firm Bernstein, investors should expect a further rally in Bitcoin and related equities due to the adoption of Bitcoin exchange-traded funds (ETFs) in the US and the election of crypto-friendly Donald Trump. The report suggests that the increasing adoption by banks, institutional investors, corporations, and even sovereigns positions Bitcoin as a strong contender against gold. The price of Bitcoin has reached new highs in the past year, trading at $96,044 per coin, and the report highlights Abu Dhabi's sovereign wealth fund buying Bitcoin via ETFs as a bullish sign for the asset. Top institutions, including Jane Street Group, Citadel Advisors, and Morgan Stanley, have also invested hundreds of millions of dollars in Bitcoin and Ethereum ETFs. Bernstein analysts had previously predicted that the price of Bitcoin would reach $200,000 per coin by the end of 2025.



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