Wall Street giant Bernstein suggested that the rise in Bitcoin (BTC) was probably due to the “return to average” rally and added that the rise could continue for a while.
Bernstein, in a recent report, “Back to average” of 40% value gain He said it might be due to the rally. Within the scope of this rally, which argues that prices will return to an average value in the long run, whether they fall or not, Bernstein said that Bitcoin will continue for a while. that you can continue to rise underlined.
Bitcoin has never been in the past two years in a row. don’t turn red Emphasizing that, Bernstein said that 2023’s for Bitcoin year of ascension may be implied. The report recently Genesis and of FTX some bankruptcy your negativities On Bitcoin and the cryptocurrency market effective However, these cases are usually leveraged investments reported to be affected.
on the other hand of the Digital Currency Group (DCG) due to pending litigation. moment The disappearance of the possibility of a Bitcoin sale will also affect the crypto money market. comforting was included in the report as one of the factors.
However, Bernstein reported that the rise internal capital repositioning and that this fix is a bull market to turn into a trend to new capital stressed the need.