Wall Street analysts: U.S. financial institutions will increase bitcoin allocations by the end of the year

ChainCatcher news, according to Cointelegraph, Wall Street veteran and macro analyst Jordi Visser predicts that U.S. financial institutions will increase their bitcoin allocations by the end of this year.

In an interview with Anthony Pompliano published on YouTube on Saturday, Visser said: "From now until the end of the year, traditional financial institutions' bitcoin allocations for next year will increase. I believe the proportion of bitcoin in various investment portfolios will rise. This is bound to happen." Visser predicts that traditional financial institutions will increase their bitcoin allocations in the last quarter of this year to prepare for next year's investments, at a time when market participants are debating whether bitcoin's price will peak this cycle in that quarter.