Analyst Jordi Visser predicts that traditional US financial institutions will be increasing their Bitcoin allocations in the last months of 2023.
Analysis of Jordi Visser's Predictions
During an interview with Anthony Pompliano, Visser stated that by the end of the year, financial institutions will increase their Bitcoin allocations for 2024. "I believe the Bitcoin allocation number will go higher across portfolios," he said.
Investors’ Interest in Cryptocurrencies
A few months ago, a survey by Coinbase and EY-Parthenon revealed strong interest from institutional investors in the crypto market. 83% of respondents indicated plans to increase their crypto investments in 2025. According to a Bitwise report, total inflows into Bitcoin are expected to reach $120 billion by 2025.
Bitcoin Price Dynamics
As for Bitcoin's price, Visser expressed caution in making predictions, but noted that he likes the current trends on the charts. He also mentioned that there are many 'mini breakouts' happening in the crypto space, and Bitcoin continues to attract interest from companies holding assets in this cryptocurrency.
The increase in investments by financial institutions in Bitcoin may indicate a growing interest in cryptocurrencies and their integration into traditional financial portfolios.
