Bernstein says bitcoin’s ‘boring cycle’ doesn’t undermine store-of-value thesis despite $2.6B ETF outflows in 2026
Bernstein analysts contend that Bitcoin's current market cycle, characterized as 'boring' with $2.6 billion in ETF outflows during 2026, does not invalidate Bitcoin's fundamental thesis as a store of value. The research suggests that cyclical volatility and institutional flow dynamics are distinct from Bitcoin's long-term utility as a wealth preservation asset.
