Bernstein: Bitcoin shows strong resilience

BlockBeats news, on April 8th, Bernstein stated that Bitcoin has fallen 26% in the recent market turmoil, which is considered moderate compared to past crashes of 50-70% and shows stronger demand. Market tariffs have caused harm to cryptocurrency miners, but alternative solutions and opportunities for artificial intelligence in the United States provide support. Bitcoin still fluctuates like technology stocks, not gold, but as a liquid risk asset when the market closes. In the long run, it is a more volatile and liquid version of gold (with a market value of approximately $2 trillion, compared to $20 trillion for gold). Institutional adoption through ETFs and corporate treasuries (accounting for 10% of supply) makes Bitcoin more stable. Despite a 15% decline so far this year, the inflow of ETF funds remains positive. Selling pressure mainly comes from short-term traders, while miners maintain strong performance through artificial intelligence trading and low debt.