Analysis: Traditional financial institutions will increase their allocation to Bitcoin, and the proportion of crypto investments may rise in Q4
According to ChainCatcher, Wall Street veteran and macro analyst Jordi Visser stated in an interview with digital asset investor Anthony Pompliano that from now until the end of this year, the allocation of bitcoin in traditional finance will increase. He expects that the proportion of institutional investment in cryptocurrencies will rise in the fourth quarter of this year in preparation for next year.
Jordi Visser also expressed optimism about the development of Ethereum. He pointed out that the current price of ETH is consolidating between $4,000 and $5,000. Once Ethereum truly breaks through and achieves success, the entire ecosystem will start to operate, which means DOGE will become active, and SUI will also become active.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Spot platinum hits $1,620/ounce, down 0.67% intraday.
The US dollar has reached the 6.6900 level against the offshore RMB.
AI concerns outweigh inflation benefits, US dollar sees biggest single-day drop in over a month
Despite the U.S. September PPI posting its largest monthly increase in four years and retail sales exceeding expectations—factors that should have bolstered the dollar—risk aversion triggered by a sell-off in AI-related assets led to a flight to U.S. Treasuries, pushing yields lower and weighing on the dollar. As a result, the dollar fell by 0.3% on Thursday. Analysts noted that the dollar is closely linked to AI capital expenditures, and if the market grows concerned about the peak of AI investments, the dollar would be the first to take a hit.
Crypto prices
More
