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Bernstein: Ethereum Welcomes Golden Moment as Beginning of Blockchain Financial Services Cycle
Summary: According to The Block, analysts at Bernstein stated in a report that Ethereum (ETH) will continue to attract strong investment interest due to increasing market focus on stablecoins and asset tokenization. They also anticipate that the influence of asset management institutions like BlackRock will drive institutional portfolio allocations to ETH, while banks and fintech companies ...
According to The Block, analysts at Bernstein stated in a report that Ethereum (ETH) will continue to attract strong investment interest due to increasing market focus on stablecoins and asset tokenization. They also anticipate that the influence of asset management institutions like BlackRock will drive institutional portfolio allocations to ETH, while banks and fintech companies will also purchase ETH for transaction fees on the Ethereum network. Analysts at Bernstein stated that with the signing of the 'GENIUS Act' by the US President last Friday, stablecoins are now officially legal digital cash in the US. Considering Ethereum as a major underlying channel for stablecoins, its golden moment has finally arrived - with ETH rising approximately 45% in the past two weeks. The analysts also added that this is not a typical cryptocurrency 'boom-bust' cycle, but rather the beginning of a blockchain financial services cycle.
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Link: Bernstein: Ethereum Welcomes Golden Moment as Beginning of Blockchain Financial Services Cycle [Copy]
