Visser Sees Last Quarter as Turning Point for Crypto Market
Jordi Visser, an analyst known for his optimistic views on Bitcoin and the cryptocurrency market, believes that a strong market movement could occur in the last quarter of the year. According to Visser, surpassing $82,000 would confirm the bull trend.
The investor notes that large fund managers and capital allocation decision-makers typically make their most critical portfolio decisions for the following year in the final quarter, particularly in the last two months. He believes that institutional investors are already increasing their research into crypto assets, creating a new source of demand for the market.
Visser also points out that macroeconomic conditions could become more supportive of Bitcoin, with interest rates not necessarily needing to fall sharply. The end of a period of consistently rising bond yields could help offset upward pressure on interest rates, supporting appetite for risky assets.