Crypto Update | Increasing Adoption: Institutional Investors and Bitcoin

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On "Markets Daily," — Mark Connors, Head of 3iQ discusses the current state of the crypto market after the halving and the impact of the macroeconomic environment on Bitcoin. He explains that the market is following a similar pattern to previous halvings and that the macroeconomic environment supports Bitcoin as a store of value.

Takeaways |

• The crypto market is currently calm after the halving, with Bitcoin and Ether trading in tight ranges.
• The macroeconomic environment, including fiscal spending and printing of money, supports Bitcoin as a store of value.
• Bitcoin's price outlook is positive, with price targets ranging from $110,000 to $180,000 by the end of the year.
• Understanding the security of custodians is important when investing in spot Bitcoin ETFs.
• The adoption of Bitcoin by institutional investors, particularly registered investment advisors in the Midwest, is increasing.

LINKS |

CoinDesk 20

3iQ

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This episode was hosted by Helene Braun. “Markets Daily” is produced and edited by senior producer Michele Musso, and executive producer Jared Schwartz alongside Senior Booker, Melissa Montañez—all original music by Doc Blust and Colin Mealey.