Financial expert: “The Bitcoin quota will increase in all portfolios”
- “By the end of the year, allocations to Bitcoin for next year from the traditional financial world will increase,” explains macro analyst Jordi Visser in a new interview with Anthony Pompliano.
- In preparation for the coming trading year, US financial institutions will increase their BTC positions in the fourth quarter. The Wall Street veteran therefore confidently declares: “The Bitcoin allocation will increase in all portfolios.”
- At the time of writing, the leading cryptocurrency is trading at $115,800, representing a price increase of 4.5 percent compared to the previous week. Many BTC investors hope that further Fed interest rate cuts will soon provide an additional boost to the Bitcoin price.
- Meanwhile, $2.32 billion has already flowed into US Bitcoin Spot ETFs over the past five trading days, which now manage a total of $152 billion worth of BTC. That's 6.6 percent of all coins currently in circulation.
- Individual treasury firms are also accumulating increasing amounts of Bitcoin. Leading the way is Strategy (MSTR), Michael Saylor's former software company. Following its latest purchase, the No. 1 corporate holder now owns 638,460 BTC, valued at $74 billion.
- Regarding the Bitcoin price, Visser remains tight-lipped. He doesn't want to make a prediction, but he likes “the way the charts are developing.” He also expresses enthusiasm about the Ethereum price rally and the consolidation above the $4,000 mark.
- Should the Ether price rise sustainably above $5,000, other top altcoins like Dogecoin would also benefit. The “mother of all memecoins” is expected to receive the first crypto ETF after Bitcoin and Ethereum next week.
- Interviewer and crypto influencer Anthony Pompliano is also implementing his own Bitcoin strategy with the company ProCap. After the initial purchases, ProCap holds 4,932 BTC worth $571 million.
Recommended Video: Crypto Comeback? Bitcoin & Co. Depend on the US Federal Reserve!
Sources
- ETF Holdings | Dune
- Jordi Visser Interview I YouTube