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Bernstein says bitcoin ETFs and memecoins are “bullish.”

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While Fed interest rate cuts and the upcoming U.S. election boosted riskier assets, Bernstein analysts wrote that the movement of small investors further increased risk appetite.

In a valuation note sent to the company’s clients today by Bernstein analysts led by Gautam Chhagani; He said that the increasing chances of crypto supporter Donald Trump winning the presidential election should benefit Bitcoin and other riskier assets. It was said that Kamala Harris’ more open and forthright speech on crypto had a positive impact on prices.

“The fear of fall is lessened”

Analysts wrote that developments in the U.S. presidential election in particular eased investors’ fears of a slowdown, adding, “Small investor sentiment is bullish.”

After all, on betting sites like Polymarket and Kalshi, Trump opened up a more than 13 percent margin against Harris. The ETFs also received a total net investment of more than $2.1 billion over the last 6 trading days. Bitcoin mining stocks and Bitcoin-focused companies such as Coinbase and MicroStrategy also closed with significant gains last week.

Bernstein analysts also reported that Robinhood’s crypto transaction revenue grew 160 percent compared to the same period last year, indicating positive retail consumer sentiment.

“Also interested in meme coins”

Chhagani and his analysts also noted the investment in meme coins:

“Investment in meme coins has tripled in the last 6 months to $66 billion. Meme coins are currently the fastest-growing category in the crypto world. Whether we like it or not, small Investors find this type of coin fun. He sees it as a social interaction tool.”

Last week, meme coin investor Murad Mahmudov’s words about meme coins, “A meme coin supercycle will come,” made a big impact.

An artificial intelligence bot called TruthTerminal acquired a meme coin called GOAT, and then other artificial intelligence programs focused on it, which led to the meme coin reaching a market value of $300 million. An artificial intelligence bot increased the value of its wallet to $1.2 million after buying a meme coin called fortcoin.

Regarding this issue, Chogani said, “While traditional finance has difficulty integrating with artificial intelligence, we see that this is not the case in crypto.”

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