Share this article
Bitcoin Is Poised to Reclaim Crypto’s Spotlight: Berenberg
More investors are recognizing the digital asset as a sensible alternative not only among crypto tokens, but also within a global financial context, the firm said.
By Will Canny
Updated Apr 28, 2023, 7:42 p.m. Published Apr 28, 2023, 10:59 a.m.
In the next few months bitcoin (BTC) may be able to reclaim much of the attention it has relinquished to other crypto tokens and projects during recent years and the enthusiasm it lost during the crypto winter, German investment bank Berenberg said in a research report Thursday.
As U.S. regulators crack down on the industry, “almost every token appears at risk of being branded a security and becoming subject to an enforcement action,” the report said.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The sole exception is bitcoin, “which, by virtue of the decentralization stemming from the design of its blockchain protocol, the Securities and Exchange Commission and other regulators characterize as a commodity rather than a security,” analyst Mark Palmer wrote.
The bank sees bitcoin’s price appreciation in the last few months as a sign that “more investors are recognizing it as a sensible alternative not only among crypto tokens, but also within a global financial context.”
The recent banking crisis in the U.S. and concerns over the Federal Reserve’s interest-rate policies have led some countries to reduce their exposure to the U.S. dollar, which has fueled concerns about de-dollarization, the note said, and “could help to highlight bitcoin’s value proposition.” De-dollarization is the decline of the greenback’s dominance as the world’s global reserve currency.
The fourth bitcoin halving date, scheduled for May 2024, is another potential positive catalyst for the cryptocurrency, the report said, noting that “if history is any guide, then bitcoin could rally ahead of and after this much-anticipated halving.”
“The utility of the Bitcoin blockchain has been highlighted by the increasing traction gained by the Lightning Network,” the report added. The Lightning Network creates a layer on top of the Bitcoin blockchain exploiting user-generated micropayment channels to conduct transactions more efficiently.
Read more: Bitcoin Market Impact From Mt. Gox Repayments Will be Limited: Matrixport
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
DOGE exits range as selling pressure builds at key levels
The $0.1310–$0.1315 zone is now a resistance area, with further downside likely if volume remains high on declines.
What to know:
- Dogecoin fell 5% after the Federal Reserve's rate cut, as traders reacted to cautious guidance and internal disagreements on future easing.
- The memecoin broke below the $0.1310 support level, confirming a bearish shift with increased trading volume.
- The $0.1310–$0.1315 zone is now a resistance area, with further downside likely if volume remains high on declines.
Top Stories
