Bernstein calls the perfect time to buy bitcoin
According to analysts, the growth of the user base of cryptocurrencies will grow 10–100 times in the long term
04.01.2023 - 08:55
860
2 min
0
The material is not an investment recommendation and is published for information purposes only.
What’s new? Analysts at Bernstein believe that now is the perfect time to buy bitcoin, as crypto assets are at historically low price levels. As statistics show, after each of these declines, the market recovered and showed a high return on investment. The Barrons website wrote about it quoting Bernstein’s report.
Material on the Barrons website
What else is known? Cryptocurrencies suffered a painful collapse last year due to the collapse of the Terra ecosystem, hedge fund Three Arrows Capital, and the FTX crypto exchange, as well as a rise in US interest rates by the Federal Reserve System (Fed). Participants in the traditional finance market believe bitcoin is more likely to fall by half than to rise in 2023.
However, analysts at Bernstein hold the opposite view. Bitcoin has experienced two crypto winters in its history prior to 2022. And after each fall, the asset has always come back with exponential returns. According to analysts, the industry has a lot of experience dealing with dips and taking a hit when the market goes down. And given the fact that less than 5% of all Internet users use cryptocurrencies, that gives considerable room for adoption through various applications.
Investors should focus on the long-term adoption of cryptocurrencies by consumers. As blockchain scales and applications evolve, Bernstein expects the user base to grow 10–100 times.
Earlier, Bernstein identified two main problems with the Binance crypto exchange. The first is related to the presence of an offshore company in the Cayman Islands. This means that the exchange needs to take progressive steps to change its business model. The second problem is that after the collapse of FTX, the exchange has become a monopolist in global cryptocurrency trading and may face competition from decentralized exchanges.
Useful material?
Telegram 
Twitter Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Incidents
The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file
May 14, 2026
Crypto regulations
Authorities are introducing mandatory registration for companies handling cross-border crypto transactions
May 8, 2026
Incidents
According to Blockaid, the attack may have been carried out by the same hacker behind the 1inch Fusion V1 exploit.
May 7, 2026
Incidents
The attacker gained administrative access and altered contracts to drain user funds
Apr 30, 2026
Cryptocurrency rates
-
Bitcoin
$64 347
BTC
-2.81%
-
Ethereum
$2 551.16
ETH
+3.56%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.21
XRP
+0.94%
-
Dogecoin
$0.091257
DOGE
-0.66%
-
TRON
$0.160134
TRX
-1.59%
-
Zcash
$593.86
ZEC
-2.26%
-
Cardano
$0.199931
ADA
-4.21%
-
Stellar XLM
$0.213902
XLM
-2.46%
-
Polkadot
$3.32
DOT
+5.27%