Crypto markets continue their upward trajectory, with Bitcoin crossing $89,000 on Monday and institutional investment in digital assets reaching new highs.

Amid rising prices, Bernstein Research has issued a resounding endorsement of the sector, recommending clients “buy everything you can,” according to a report published Monday.

Analysts Gautam Chhugani and Mahika Sapra attribute the market’s buoyancy to a new political climate in Washington, with incoming policy advisors expected to ease longstanding regulatory headwinds for the industry. 

The rally, ignited by a more favorable regulatory landscape in the U.S. on a Donald Trump victory, has pushed asset managers, brokers, and private investors alike to reconsider their crypto exposure as optimism grows across the market, the pair wrote.

During his campaign, President-elect Trump made multiple pledges to crypto proponents, including creating a Bitcoin reserve, safeguarding U.S. interests for miners, promoting favorable policies, and forming a crypto council to oversee these initiatives.

Meanwhile, Bitcoin spot ETFs have seen record inflows in recent weeks, while Bitcoin miners and blockchain-related equities are attracting fresh capital as prices swel

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Author: Sebastian Sinclair