Bitcoin Shows Resilience as Bernstein Analysts Assess Market Impact

Bernstein analysts report that bitcoin’s (https://holder.io/coins/btc/) current price is down 26% from its recent peak, indicating resilience compared to previous crises where declines reached 50-70%. Key points include:

• Strengthened digital gold thesis due to increased institutional adoption through ETFs and corporate treasuries.
• Negative impact of tariffs on U.S. bitcoin miners' hashrate, affecting mining supply chains.
• Large miners like Riot Platforms (https://holder.io/coins/riot/), IREN (https://holder.io/coins/iren/), MARA Holdings (https://holder.io/coins/mara/), and CleanSpark (https://holder.io/coins/clsk/) may gain market share due to scalability and AI capabilities.