Bernstein analysts offer a cautious bull case for crypto recovery after a year from hell

Jan 4 2023 by Business Insider

 
Ethereum co-founder Vitalik Buterin speaks at ETHDenver on February 18, 2022 in Denver, Colorado.

Michael Ciaglo/Getty Images

The past year was terrible for the reputation of crypto, especially with the downfall of FTX. Analysts from Bernstein laid out why they're still bullish on the crypto space. Crypto is more than currencies, they said, and there's much to be hopeful about its future.

Crypto did not have the best year in 2022. While the rest of the economy was on a downward slide, crypto...

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