Two-thirds of institutional investors are optimistic about Bitcoin over the next three to six months. This is evidenced by a study conducted by Coinbase among 124 respondents.
Institutional optimism is growing
67% of institutional investors view the prospects of Bitcoin positively until 2026, noted David Duong, head of the research department at Coinbase Institutional, in the report 'Decision Making in Uncertainty'.
However, market participants' opinions are divided regarding the current phase of the cycle. 45% of institutional investors believe that the markets are in the late stage of a bullish trend, while among retail investors, only 27% hold this view.
Bullish market may continue
According to Duong, the cryptocurrency bullish market "has room for growth," although the expert has become more cautious after the events of October 10. "We still see favorable liquidity conditions, a strong macroeconomic foundation, and supportive regulatory dynamics," he noted.
Coinbase also highlighted macroeconomic and monetary tailwinds, including the expected two additional rate cuts by the Federal Reserve and large money market funds that may stimulate the market in the fourth quarter.
Favorable conditions for Bitcoin
The current situation looks particularly favorable for Bitcoin, the company stated, but it is taking a more cautious approach to investments in altcoins.
Institutional interest in Bitcoin continues to grow, supported by favorable macroeconomic conditions and active purchases by corporate investors. The combination of these factors may support further growth of the cryptocurrency market in the fourth quarter.