Bernstein says buy these assets to play the big crypto investment themes

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With bitcoin's price and trading volume still little changed, Bernstein is highlighting other crypto assets with good opportunities for investors.

Bitcoin investors have been feeling deja vu as the setup for the next bull run takes shape. Ripple's recent court victory has given investors reason to look at other altcoins while bitcoin remains stuck at current levels.

Here are six of the 12 crypto assets and their respective categories Chhugani highlighted as part of a long-only portfolio: Bitcoin and ether each account for a 25% allocation in the portfolio. The Ethereum scaling category — which consists of Layer 2 protocols built on top of the Ethereum blockchain to to improve scalability, privacy and other characteristics of the original chain — includes the ether allocation and altogether makes up 40% of the suggested portfolio.

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