Analysts at Bernstein presented The Bitcoin Black Book is a document containing reports that concern the structure of the first cryptocurrency and reveal the possibilities of its use as an investment instrument.
According to the information provided in the document, institutional investors have stopped paying attention to Bitcoin's high volatility. They are using various risk management strategies to mitigate the cryptocurrency's drawdowns and are increasingly including it in their portfolios.
In addition, the Bitcoin Black Book emphasizes that Bitcoin has gone beyond being a store of value and has become part of the global computing landscape, which means the Bitcoin network is being used for the artificial intelligence (AI) sector.
The document states that once clear regulatory frameworks for the first cryptocurrency are introduced, especially in the US, banking structures will begin to invest even more funds in digital gold.
According to the authors of the "Bitcoin Black Book", the adoption of Bitcoin as an important asset for institutional investors has actually taken place, which has had a positive effect on the price dynamics of the first cryptocurrency.
And against the backdrop of growing US government debt and global debt in general, Bitcoin will become even more attractive for banks and private investors, according to Bernstein analysts.
