Jordi Visser, a seasoned Wall Street expert and macroeconomic analyst, anticipates that American financial entities will significantly increase their Bitcoin investments before the year concludes.
In an interview with Anthony Pompliano shared on YouTube this past Saturday, Visser stated, “I expect that between now and the year’s end, traditional finance will enhance their Bitcoin allocations for the upcoming year.”
He further asserted that “the percentage of Bitcoin in investment portfolios is set to rise,” emphasizing his confidence in this prediction.
Visser foresees a boost in Bitcoin (BTC) allocations from conventional financial institutions during the last quarter of this year as they prepare for 2024. This period coincides with ongoing discussions among market players regarding whether Bitcoin’s price has reached its peak for this cycle.
Q4 Will See Changes in Bitcoin Allocations, According to Visser
The insights from Visser come shortly after a survey conducted by Coinbase and EY-Parthenon revealed significant institutional interest within the broader cryptocurrency landscape.
Jordi Visser (left) conversed with Anthony Pompliano (right) on his YouTube channel last Friday Source: Anthony Pompliano
A survey dated March 18 indicated that 83% of institutional investors plan to augment their crypto holdings by 2025. Additionally, Bitwise released projections suggesting inflows into Bitcoin could reach $120 billion by 2025 and $300 billion by 2026.
On another note, spot Bitcoin ETFs based in the U.S. have seen approximately $2.33 billion in net inflows over just five days. This brings their total inflows since launching in January 2024 to around $56.79 billion according to Farside data.
Visser Appreciates Current Trends in Bitcoin Charts
The number of publicly traded companies holding Bitcoins has recently surged dramatically; current estimates suggest these holdings are valued at about $117.03 billion according to information from BitcoinTreasuries.NET.
Regarding the price trajectory of BTC itself, while hesitant about making precise predictions, Visser expressed satisfaction with how recent charts are developing.
Citing trends across the wider cryptocurrency market he noted numerous “mini breakouts” occurring from a technical analysis perspective.
“What I was really hoping for was Ethereum surpassing $4K,” he remarked. “It’s been consolidating between four and five—excellent! The all-time highs hover around five,” he added enthusiastically.
“Once it breaks through decisively we need momentum across the entire ecosystem; that includes Dogecoin and Sui gaining traction as well,” he concluded.