With the growth of cryptocurrencies, we have seen that, just like other mature markets, large research and investment companies are starting to take it seriously. Market evaluations of companies such as Bitwise and K33 are valuable because they provide the opportunity to look at cryptocurrencies from different perspectives. Today we will discuss the current expectations of both.
Bitwise Crypto Predictions
Bitwise CIO Matt Hougan cryptocurrency ETFs focused on the subject. There are currently more than 100 applications awaiting approval for dozens of altcoins. Once all of these are approved, professional investors and retirement and mutual funds in the US markets will have access to most altcoins. The investment opportunity with a safe high risk reward ratio, without stock market risks, is interesting. A 1% share in portfolios would mean billions of dollars of demand for these altcoins.
ETF inflows for most altcoins will be more meaningful than BTC and ETH when many of them don’t even have a market cap of several billion dollars. Matt Hougan says legislation is moving forward with the reopening of the US government and crypto ETFs will soon become a “ETF Palooza” He says he could experience (ETF storm). So all of a sudden, ETFs will launch and this will cause an explosion. Moreover, different investment companies will be able to create altcoin portfolios by mixing these ETFs, which means we will see more product alternatives for crypto.
“We will see a lot of single-asset crypto ETPs (exchange-traded funds). But what I’m most excited about is the growth of index-based crypto ETPs. This sector will be 10 times larger than it is today.”
hougan cryptocurrency He argues that there are many investors who want to invest in the markets for the long term and that expanding product alternatives will attract them here.
K33 Cryptocurrency Predictions
K33 Research Head Vetle Lunde says futures have experienced the fastest increase since April 2023 and investors are racing to catch the falling knife.
“Increased funding rates may be due to outstanding limit orders being filled in the hope of a rapid recovery as prices fall below 6-month lows. However, no recovery has materialized and this leverage now creates excessive excess, increasing the risk of increased volatility caused by liquidations.”
However, this could be a harbinger of a decline as CME futures premiums linger at annual lows, meaning institutions are risk-averse. Lunde reminded that historically, these mismatches have caused negative price movements.
Accelerating corporate adoption and crypto- He expects better days because of his hopes for favorable economic conditions. But it also reminds us that the current downturn is the worst since 2017. The last time this happened in a 43-day period was years ago. So will there be a bear market like 2018 or 2022? No, K33 does not expect this. Analysts who predict that BTC may bottom between $84,000 and $86,000 in an environment where the decline deepens are oversold. Strategy’s refers to the average cost. This is the bottom in April of $74,433.
“Both levels are psychological areas that many investors have their eye on, and Strategy’s While there is a common misconception that below-cost prices can force sellers into the market, the level itself represents a potential area for the market to pursue.”
