Bitcoin's rise to $100,000 puts it on track to replace gold as it becomes a permanent fixture of institutional portfolios, Bernstein says.
The original post: /r/cryptocurrency by /u/WineMakerBg on 2024-12-06 10:11:58.

Bitcoin will take the place of gold in the world economy in the next decade, Bernstein said.

“We expect Bitcoin to emerge as the new-age premier ‘store of value’ asset,” the firm said.

Wall Street investors and corporations have increasingly embraced bitcoin as a long-term investment.