Bernstein expects crypto market liquidity to move away from 'useless' memecoins and back to DeFi, gaming and NFTs

Bernstein analysts predict a shift in crypto market liquidity away from memecoins and back toward DeFi, gaming, and NFTs, as regulatory conditions become more favorable.

🔹 Regulatory Easing: Under the anticipated leadership of Paul Atkins at the SEC and the new crypto task force led by Hester Peirce, crypto projects focused on utility are expected to regain momentum. This shift was highlighted by the SEC’s recent agreement to dismiss its case against Coinbase and end its probe into OpenSea.

🔹 Memecoin “Cool Off”: The Solana memecoin frenzy is slowing after political figures and celebrities exploited the trend, leading to incidents like Javier Milei’s failed Libra coin launch, which faced insider trading allegations.

🔹 Bitcoin Price Forecast: Bernstein expects Bitcoin to hit $200,000 by year-end, fueled by strong ETF inflows, corporate treasury acquisitions, and a strategic Bitcoin reserve focus under a potential Trump administration.

🔹 Stablecoins & Tokenization: The next growth area for crypto is stablecoins and real-world asset tokenization, with major impacts expected in cross-border payments, interbank settlements, and remittances. Tokenized equities and debt could revolutionize corporate fundraising.

🔹 Robinhood as a Beneficiary: With its Bitstamp integration and upcoming features like staking, stablecoins, and derivatives, Robinhood is poised to capitalize on the growth in crypto trading volume and tokenized assets over the next 24 months.

As the regulatory landscape shifts, Bernstein’s outlook suggests a return to utility-driven crypto projects and institutional adoption, marking a pivotal moment for the industry.

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