Bitcoin has surged past $80,000 in the wake of Donald Trump’s election win, setting a new all-time high and sparking a wave of enthusiasm in the market. Analysts at the investment research firm Bernstein have issued a strong buy recommendation, urging investors to dive into crypto “as soon as possible,” with some even proclaiming:
“Buy everything you can.”
The bullish guidance, led by senior analyst Gautam Chhugani, reflects growing confidence that a Trump administration will bring crypto-friendly policies, potentially fueling an extended Bitcoin rally.
Chhugani called on investors who have held off due to regulatory concerns to rethink their stance, citing expectations that Trump’s administration could pave the way for a more supportive regulatory environment.
Among Trump’s campaign promises were policies aimed at integrating Bitcoin into the U.S. economy, including a proposed national Bitcoin reserve and a commitment to “end the war on crypto regulation.” Though establishing a national Bitcoin stockpile would require new legislation, Bernstein’s team sees this proposal as part of a larger trend, potentially positioning Bitcoin as a strategic treasury asset for corporations, governments, and institutions.
Pro-Crypto Supporters Join Trump’s Administration
Trump’s transition team includes prominent crypto advocates such as Vice President-elect JD Vance, as well as other industry supporters like RFK Jr. and Vivek Ramaswamy, who are open Bitcoin supporters. Silicon Valley investors in Trump’s network, including Andreessen Horowitz (a16z) and entrepreneur David Sacks, have also shown strong support for crypto-friendly policies, with the industry spending approximately $130 million on the recent election cycle. Chhugani highlighted that this support has boosted optimism for pro-Bitcoin policies and contributed to a surge in institutional demand for Bitcoin, with over $4.7 billion flowing into Bitcoin-focused exchange-traded funds (ETFs) in recent weeks.
Bernstein’s note also highlighted several ways for investors to gain exposure to Bitcoin and the broader crypto market. Institutional investors can access Bitcoin and Ethereum ETFs, invest in Bitcoin mining companies like Riot and Core Scientific, or seek out crypto-adjacent firms like IREN and CleanSpark. Additionally, companies with significant Bitcoin reserves, such as MicroStrategy, and major crypto exchanges like Coinbase and Robinhood offer other indirect avenues to profit from Bitcoin’s potential growth.
For those prepared to invest directly in cryptocurrencies, Bernstein recommended a diverse portfolio that includes top assets like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Optimism (OP), Arbitrum (ARB), Polygon (POL), Uniswap (UNI), Aave (AAVE), and Chainlink (LINK).
Long-Term Outlook: Bernstein Sets $200,000 Bitcoin Price Target
Despite Bitcoin already reaching an impressive 87% year-to-date increase at $81,000, Bernstein remains confident in its long-term growth, projecting a target price of $200,000 by the end of 2025.
