Bernstein Advises Investors to Dive into Bitcoin Amid Trump’s 2024 Victory Boost

In a fresh call to action, asset management giant Bernstein, overseeing a massive $725 billion, is urging investors to take advantage of what’s shaping up to be a historic Bitcoin bull market, fueled by Donald Trump’s 2024 presidential election win. With Bitcoin recently hitting a record high of over $82,000, Bernstein is advising clients to add Bitcoin to their portfolios "as soon as possible," anticipating that the cryptocurrency's current momentum is just the beginning of a larger surge.

Over the weekend, Bitcoin’s price exceeded previous records, marking the second peak since Trump’s re-election was confirmed. This trend has stirred predictions from analysts who foresee the cryptocurrency’s climb continuing, with projections as high as $100,000 even before Trump’s inauguration. Bernstein's crypto analyst Gautam Chhugani underscored this outlook, telling clients in a recent report to embrace the current market trend wholeheartedly, encouraging investors to “buy everything you can.”

The wave of institutional interest in Bitcoin has only grown, fueled by major firms like BlackRock and Fidelity offering crypto ETFs, and now Bernstein’s bullish outlook adds further weight to the belief that now is a strategic time to invest. In a report from The Block, Chhugani urged investors to “invert their mental models” about crypto investment and avoid hesitating in this market climate.

Experts argue that Trump’s election has provided a unique boost to the market, as he becomes the first openly pro-crypto U.S. president-elect. This development has not only energized the crypto community but has also underscored the potential for continued price growth as institutional and individual investors rush to secure Bitcoin holdings in a rapidly evolving financial landscape.