Bitcoin’s Bull Run Continues Thanks to Big Money Institutions

A report from global investment firm Bernstein suggests that Bitcoin’s bull run is set to continue, driven by significant institutional investment.

Analysts Gautam Chhugani, Mahika Sapra, and Sanskar Chindalia noted that the rally started with the anticipation and later approval of Bitcoin exchange-traded funds (ETFs) in the U.S., further fueled by the election of crypto-friendly Donald Trump. They indicated that more influx of institutional cash is expected in this space.

According to the report, “The confluence of adoption by banks, institutional investors, corporates, and eventually sovereigns (either directly or through sovereign funds) is positioning Bitcoin as the clear challenger to gold.”

Since the introduction of Bitcoin ETFs a year ago, the price of Bitcoin has reached new heights. Following Trump’s election in November, Bitcoin surpassed the anticipated $100,000 mark. Currently, Bitcoin trades at $96,044 per coin, marking an increase of over 86% in the past year.

Bernstein analysts highlighted that Abu Dhabi’s sovereign wealth fund’s investment in Bitcoin through ETFs is a bullish sign for the asset. A recent SEC filing revealed that the Mubadala Investment Company, managing investments for the Arab government, invested $436 million in shares of BlackRock’s spot Bitcoin ETF.

Bitcoin and Ethereum ETFs provide access to crypto investing for those previously unable to participate by allowing investment in funds that track these assets’ prices and trade on U.S. stock exchanges.

The report also mentions significant purchases from top institutions—including Jane Street Group, Citadel Advisors, and Morgan Stanley—which have invested hundreds of millions in these funds. Analysts at Bernstein have previously forecasted that Bitcoin’s price could reach $200,000 per coin by the end of 2025.