Bernstein – Coin Network News

Bitcoin Asset Management to Grow to $650 Billion Industry: Alliance Bernstein

juan — Tue, 26 Sep 2023 11:33:14 +0000

Alliance Bernstein (AB), a prominent $646 billion asset manager, has predicted that the Bitcoin and crypto fund management industry is poised for remarkable growth, potentially reaching a staggering $650 billion within the next five years.

This forecast comes on the heels of recent developments that have bolstered the outlook for institutional adoption of Bitcoin by Wall Street firms.

AB estimates that the current size of the crypto fund management sector stands at approximately $45-50 billion. However, the firm’s analysts argue that this figure has the potential to swell to over $500 billion in assets by 2028. This transformation would signify a transition from what AB dubs a “cottage industry” to a fully formalized, regulated asset management sector.

The projected demand driving this growth is expected to emanate from various sources, including investment advisors, wealth management services, private banking products, and the increased accessibility of Bitcoin exchange-traded funds (ETFs) through direct broker accounts.

According to AB, achieving this ambitious goal would necessitate Bitcoin ETFs capturing a 10% share of the total market capitalization of both Bitcoin and Ethereum, while liquid crypto hedge funds would account for 5-6%.

Crucially, recent developments have significantly improved the prospects for Bitcoin ETFs. Traditional financial heavyweights such as Blackrock and Fidelity, along with others, have filed Bitcoin ETF applications. Furthermore, court decisions, particularly the Grayscale case, have urged the U.S. Securities and Exchange Commission (SEC) to reevaluate its stance on crypto ETFs.

AB now believes that the likelihood of SEC approval by early 2024 has substantially increased.

Additionally, AB’s analysts highlighted the growing significance of stablecoins, noting their pivotal role in payments adoption. They emphasized the potential transformation of stablecoins from offshore, unregulated crypto assets to regulated instruments with broader utility in mainstream payments and global settlements.

These predictions align with AB Bernstein’s earlier reports, which indicated that the recent GBTC ruling was a significant step forward and that a spot Bitcoin ETF could gain approval between mid-October and mid-March 2024.

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Ether Yields Will Drive the New Crypto Cycle, Bernstein Says

juan — Tue, 16 May 2023 08:21:52 +0000

Currently, the flight is from bank deposits to the U.S. Treasury money markets, but as the ether yield economy becomes more mainstream, “it is hard not see more demand for ETH deposits and ETH yields,” analysts Gautam Chhugani and Manas Agrawal wrote.

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The Biggest Crypto Bull Cycle is Upon Us: Bernstein

juan — Tue, 18 Apr 2023 07:38:45 +0000

Per Bernstein, the new crypto cycle is still not fully appreciated, with a number of positive factors lining up. These include macro catalysts, a new bitcoin mining cycle, the continued successful upgrades of the Ethereum blockchain, and the success of Ethereum scaling ecosystems such as Arbitrum.

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Bitcoin Mining Industry Is Well Positioned to Participate in a New Cycle: Bernstein

juan — Sat, 25 Mar 2023 22:30:31 +0000

If the 2024 halving follows the same pattern as earlier ones, the BTC mining industry would see “lower competitive intensity” due to the sector’s wipe-out in the bear market of 2022, and higher bitcoin prices, which would deliver improved profitability before additional mining capacity comes online, the report added.

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Cryptocurrency Market to See More Upside Following Bank Problems: Bernstein

juan — Mon, 20 Mar 2023 12:22:21 +0000

Financial markets have been shaken in the past week following a series of bank collapses, providing a perfect setting for the decentralized financial system to stand out as an alternative, and for a continued advance in cryptocurrency markets, Bernstein said in a research report Saturday.

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Finance Is Headed Toward Bank-Free, Decentralized Future: Bernstein

juan — Fri, 10 Mar 2023 11:14:28 +0000

A revival of decentralized finance (DeFi) is in the works, one that is “far more sustainable, scalable, transparent and with improving token economics,” the report said. DeFi is an umbrella term for a variety of financial applications carried out on a blockchain.

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Ether Supply Impact From the Shanghai Upgrade Is Limited: Bernstein

juan — Wed, 01 Mar 2023 12:32:30 +0000

Bernstein’s analysis shows the supply increases are likely to be spread over a few weeks, even months, resulting in little selling pressure on a daily basis. The broker sees limited actual supply impact, but notes that weak sentiment due to unstaking can put pressure on the ether price prior to the event.

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Arbitrum’s User Base Is Fastest Growing Among Leading Blockchains: Bernstein

juan — Mon, 20 Feb 2023 11:45:23 +0000

It is the only blockchain where liquidity locked is growing, the report said.

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Bernstein Says Regulatory Backlash Will Lead to More DeFi and Offshore Crypto

juan — Mon, 13 Feb 2023 10:15:02 +0000

“The question remains whether the regulator would go after all staking programs, even if they provide specific disclosures around yield, allow users to actively stake and un-stake their crypto and operate on a pass-through basis, both on returns and costs,” analysts Gautam Chhugani and Manas Agrawal wrote.

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