Jakarta, Pintu News – The upward trend in digital asset prices, known as the bull market, is expected to last longer than the typical four-year cycle. This was stated by analysts from brokerage firm Bernstein in their latest report. They estimate that Bitcoin (BTC) could reach a price of USD 150,000 to USD 200,000, equivalent to IDR 2.44 billion to IDR 3.25 billion, within the next year.

The report mentions that the huge momentum in the cryptocurrency market is not only coming from retail investors, but also from the increasingly strong inflow of institutional funds. Gautam Chhugani and Mahika Sapra from Bernstein revealed that the policy direction of the United States government helped strengthen the country’s position as the global center of the digital asset industry.

According to data cited by Bernstein, institutions such as Robinhood and Coinbase experienced a very significant surge in activity. Robinhood recorded a crypto trading volume of USD 16.8 billion (IDR 273.75 trillion) in July, a 110% increase from the previous month. This coincided with its acquisition of Bitstamp and expansion into tokenization products in Europe.
Coinbase also saw a surge with trading activity exceeding USD 100 billion (IDR 1,629 trillion) in the same month. The company even acquired options platform Deribit for USD 2.9 billion (IDR 47.25 trillion). Analysts call Coinbase an “everything exchange” because of its coverage from spot trading, derivatives, tokenization to infrastructure services.
Also Read: Ethereum (ETH) Price Predicted to Surge to $15,000, What’s Driving This Increase?
Not only crypto exchange companies, financial firms and institutional fund managers have also been seen actively buying during the crypto price decline. One example is Michael Saylor’s Strategy firm, which bought 430 BTC worth more than USD 51 million (IDR 831 billion) in early August.
Similarly, Simon Gerovich’s Metaplanet bought 775 BTC worth around USD 93 million (IDR 1.51 trillion). They took advantage of Bitcoin’s price correction to add to their long-term portfolio. According to Gerovich, “strong foundations and long-term growth” are the reasons they remain optimistic.

Bernstein analysts state that this bull market will not only center on Bitcoin (BTC), but will also extend to Ethereum (ETH), Solana (SOL), and other DeFi assets. They predict these assets will be the main drivers of increased liquidity on trading platforms and stablecoin issuers like USDC.
Circle, the company behind USDC, is also under the spotlight. The company’s valuation remains at USD 230 million (Rp3.74 trillion) with USDC supply projected to rise from USD 68 billion (Rp1,107 trillion) to USD 173 billion (Rp2,821 trillion) by 2027. This is reinforced by Circle’s collaboration with major banks and their blockchain technology, Arc.

Despite these optimistic predictions, some observers warn that this growth is highly dependent on government policy conditions and crypto market volatility. Volatile prices and reliance on regulatory support could be a stumbling block.
However, proponents of long-term growth argue that regulatory clarity, institutional involvement, and diversification of crypto products can sustain the growth of this market until the latter half of the decade. In other words, despite the risks, the outlook for crypto remains promising for investors who think long term.
The current crypto bull market phenomenon shows a major change of direction in the digital asset industry. As large institutions begin to solidify their positions, people need to realize that crypto is no longer just a passing fad. However, caution is still needed as the risks involved are still considerable.
For investors, it is important to understand the fundamentals of the crypto market, pay attention to policy dynamics, and not be seduced by momentary price spikes. As many analysts have expressed, true growth comes from adoption and a strong foundation, not just speculation.
Also Read: Dogecoin is the only meme coin in the top 25 – is it the king of meme coins?
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