Bernstein: Crypto-equity markets and retail trading sentiment are "screaming risk appetite"
as Bitcoin attempts to break through the resistance level of $70,000 again and sets a new historical high, analysts from research and brokerage firm Bernstein say that the inflow of Bitcoin exchange-traded funds, the cryptocurrency stock market, and retail trading sentiment are all "screaming risk".
Bernstein analyst Gautam Chhugani wrote that as Bitcoin and other risky assets are increasingly seen as publicly supported by cryptocurrency by Donald Trump, who is running for US President, and his competitor Kamala Harris has also issued a more optimistic and explicit cryptocurrency policy statement, the market seems less worried about downside risks and sees Bitcoin as attractive.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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