Bernstein: Bitcoin bull market cycle will be longer, driven by institutional funds and stablecoin demand Odaily Planet Daily News: Bernstein stated in a research report that the cryptocurrency market is currently showing signs of fundamental strength. Analysts point out that Bitcoin has formed a bottom near $60000 and is moving towards the $80000 mark. The inflow of institutional funds, MicroStrategy's continuous accumulation of Bitcoin through STRC products, and the deep integration of blockchain and financial infrastructure together constitute an asymmetric upward space. Bernstein emphasized that new distribution channels from Morgan Stanley Bitcoin ETF and Jiaxin Wealth Management spot trading platform have expanded participation. Currently, about 60% of the Bitcoin supply has not moved within a year, and institutional demand is strengthening its holding base. In addition, the supply of stablecoins has reached a historic high of $300 billion, and their payment and settlement needs have become decoupled from market sentiment. The tokenization of real-world assets has grown by 110% year-on-year, reaching a scale of $345 billion. Although quantum computing poses long-term risks, analysts believe that the industry has ample time for a secure transformation.