Wall Street giant Bernstein thinks that the bullish wave in Bitcoin (BTC) can continue thanks to more institutional liquidity.
Bernstein analysts Gautam Chhugani And Manas Agrawal by Saturday, March 18 In a research report published today, it was stated that the current banking crisis is in favor of the decentralized finance (DeFi) system, especially Bitcoin.
Emphasizing that the bullish wave experienced so far was triggered by the local crypto community, analysts stated that institutional funds remained in the position of observers in the market during the last bullish wave. At this point, it was suggested that if there is more liquidity participation from outside, price movements will continue in an upward direction in a definite and healthy way.
Analysts say that although there are rumors that the bank crashes are related to cryptocurrencies in the first stage, what actually happened a general banking problem pointed out. In recent history To First Republic Bank (FRC) rescue offered by institutions of the package also that the banking crisis was not caused by cryptocurrencies was stated as evidence.
Stating that investors see this obvious distinction, analysts suggested that decentralized finance came to the fore at this point and that it was in line with this perception from its last rise:
This creates the perfect environment for Bitcoin, Ethereum and the rest of the decentralized financial system to stand out as an alternative system separated from the traditional central banking system.