Coinbase analyst: The macro environment will be favorable in the next 1 to 2 quarters

“Overall, we continue to expect the macro environment to be favorable for cryptocurrencies over the next 1-2 quarters, driven by stimulative U.S. monetary policy and stronger U.S. economic conditions,” David Duong, head of institutional research at Coinbase, and David Han, an institutional research analyst at Coinbase, said in a note.