According to Coinbase, 67% of institutional investors anticipate a positive outlook for Bitcoin over the upcoming three to six months. David Duong, Coinbase’s Head of Research, highlights this optimism despite diverse perspectives on current market cycles.
The survey reveals that 45% of institutions consider the market to be in the later stages of a bullish run, contrasting with 27% view from non-institutional investors. This divergence underlines a complex sentiment surrounding Bitcoin’s future.
Crypto treasuries are notably purchasing dips, with companies such as BitMine acquiring over 379,000 Ether since the market decline. Coinbase asserts that favorable macroeconomic conditions support ongoing bullish prospects for Bitcoin, despite caution for altcoins.
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