In an article, investment firm Alliance Bernstein has encouraged investors to buy cryptocurrency, suggesting that major altcoins will outperform Bitcoin over the next 12 months. This comes as Bitcoin has surpassed $82,000 and reached a new all-time high of $89,000. Analysts at Bernstein Research have endorsed cryptocurrency, attributing its growth to the election of President Donald Trump, who has expressed support for cryptocurrencies and is expected to bring about a more favorable regulatory environment for the industry.
Additionally, increased institutional interest has been a significant factor contributing to Bitcoin’s rise in value, with MicroStrategy purchasing 27,200 Bitcoin for $2 billion. Analysts at Bernstein Research believe that Bitcoin could reach $200,000 in this cycle and that altcoins like Ethereum and Solana will outperform Bitcoin in the next 12 months due to a more favorable regulatory landscape.
