Asset management firm, Alliance Bernstein, advises investors to buy cryptocurrency as analysts predict major altcoins to outperform Bitcoin in the next 12 months.
Bitcoin broke the $82,000 level and reached a new all-time high of $89,000.
Increased institutional interest, driven by purchases from companies like MicroStrategy, and a friendlier regulatory environment are contributing to Bitcoin's rise.
Research analysts from Bernstein believe Bitcoin will reach $200,000 in this cycle, with major altcoins like Ethereum and Solana outperforming Bitcoin in the near future.