Bitcoin could finally break above $70,000. Here's how to play it, according to Bernstein.
It's a good time to increase exposure to bitcoin as stocks continue hitting new records and as the U.S. presidential election draws nearer, according to Bernstein. Bitcoin is again testing $70,000, something it's done several times this year after reaching a new record above $73,000 in March. This time could be different, however, according to Bernstein. The end of "Uptober" is around the corner; the U.S.
While some seen the election as binary, with a victory for former President Trump sending bitcoin to a new all-time high around $80,000 while a win for Vice President Harris could send it as low as about $40,000, the most bullish argue that bitcoin could hit six figures in 2025 regardless of the election result . Bernstein recommends seeking long exposure through bitcoin ETFs and some crypto-related stocks.
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