Wall Street Analyst Predicts Increased Bitcoin Allocation by Year-End

According to BlockBeats, Wall Street veteran and macro analyst Jordi Visser has forecasted that U.S. financial institutions will increase their Bitcoin allocations by the end of the year. In a recent interview with Anthony Pompliano, Visser expressed his belief that traditional financial institutions will boost their Bitcoin holdings in preparation for next year's investments. He stated, "From now until the end of the year, the allocation of Bitcoin in traditional financial portfolios will increase. I believe the proportion of Bitcoin in various investment portfolios will rise. This is bound to happen." Visser's prediction comes as market participants debate whether Bitcoin's price will peak during the current cycle in the final quarter of the year. His insights suggest a growing acceptance of Bitcoin among traditional financial entities, potentially influencing the cryptocurrency's market dynamics as the year progresses.