The Biggest Crypto Bull Cycle Is Upon Us: Bernstein
Written by Black Hot Fire Network on April 18, 2023
FTX’s collapse was the catalyst for a new bullish cycle in cryptocurrency markets, Bernstein said in a research report Monday.
The crypto exchange’s demise cleaned up the final tranche of “toxic crypto leverage” and taught digital asset investors the importance of decentralization and self-custody wallets, the report said.
Macro catalysts are aligning for bitcoin, the world’s largest cryptocurrency by market cap, the note added, with continued weakness in U.S. regional banks and further deposit outflows towards money market funds and . . .
