Report: Bitcoin's New Bull Run Could Be More Sustainable, Industry's "Best Days Lie Ahead"

BlockBeats News, April 28th, according to a new report by research firm Bernstein, as Bitcoin approaches the $80,000 mark, the crypto market is entering a new phase of structural growth. This cycle may be longer than before and has "asymmetric upside potential."

The report points out that the previous pullback to $60,000 has formed a phase bottom, and the market is being primarily driven by the integration of institutional funds with the traditional financial system. Analyst Gautam Chhugani stated: "The best days of the crypto industry are still ahead, which will be reflected in a higher and more sustainable bull market cycle."

In terms of supply structure, about 60% of Bitcoin has not been moved for over a year, indicating an increase in long-term holders; meanwhile, ETFs and corporate balance sheet allocations continue to absorb supply. The Strategy currently holds about 818,000 BTC, and its yield-bearing products are attracting more traditional funds.

On the institutional front, companies like Morgan Stanley and Charles Schwab are expanding Bitcoin ETF and spot trading access, further lowering the investment threshold.

Fundamentally, stablecoin supply has surpassed $300 billion, with growing real-world payment and settlement demand; the tokenization scale of Real World Assets (RWA) has reached $345 billion, a 110% year-on-year increase. In addition, platforms like Hyperliquid are driving increased trading activity for on-chain stocks and commodities.

The report also warns that quantum computing poses a long-term potential risk to crypto security, but it is currently manageable, and the industry has ample time to transition to post-quantum standards.