What to Expect in Bitcoin in June? Expert Analysts Share Their Predictions
Bitcoin enters June with bullish expectations, supported by institutional investor interest and strong ETF inflows.
In May, the balance between both macroeconomic uncertainty and crypto adoption was tipped in favor of Bitcoin by blockchain-based institutional moves. BTC closed the month up nearly 10%, posting its second consecutive monthly gain. This performance was largely driven by Bitcoin ETF inflows totaling $5.6 billion and corporate treasuries purchasing Bitcoin.
According to Bitcoin Treasuries data, the amount of Bitcoin held by public companies increased by 4% in May, reaching a total of $85.6 billion. This trend is expected to continue in June. Experts say that uncertainties, especially regarding customs duties brought back to the agenda by US President Donald Trump, may pose a short-term risk for Bitcoin, but this situation may increase interest in cryptocurrencies in the long term.
“The ability to make sudden policy changes on things like customs duties makes short-term pricing very difficult,” said Chris Rhine, head of liquid assets strategies at Galaxy Digital.