Wall Street Veteran Predicts Surge in Bitcoin Allocations by Year-End

Wall Street Veteran Predicts Increased Bitcoin Allocations by Year-End

Jordi Visser, a seasoned Wall Street macro analyst, has projected a notable increase in Bitcoin allocations by traditional financial institutions before the close of 2024. Speaking in a recent interview with Anthony Pompliano, Visser emphasized that the allocation of Bitcoin within traditional finance portfolios is expected to rise in the final quarter of this year as firms prepare for 2025.

“Between now and the end of the year, the allocations for Bitcoin for the next year from the traditional finance world are going to be increased,” Visser stated. He added, “I think Bitcoin’s allocation number will go higher across portfolios. That is going to happen.”

Institutional Interest in Cryptocurrency Strengthens

Visser’s outlook aligns with broader market data reflecting growing institutional appetite for cryptocurrencies. A March 2024 survey conducted by Coinbase and EY-Parthenon found that 83% of institutional investors intend to boost their crypto exposure in 2025. Additionally, Bitwise projected Bitcoin inflows reaching $120 billion by 2025 and $300 billion by 2026.

US-based spot Bitcoin ETFs have also experienced robust inflows, accumulating approximately $2.33 billion over the past five days alone. Since their launch in January 2024, these ETFs have attracted a total of $56.79 billion, according to analytics firm Farside.

Corporate Bitcoin Holdings and Market Technicals

The number of publicly traded companies holding Bitcoin has surged, with total corporate Bitcoin reserves estimated at $117.03 billion as of this publication, based on data from BitcoinTreasuries.NET.

Regarding Bitcoin’s price trajectory, Visser refrained from making definitive predictions but expressed optimism about emerging chart patterns. He highlighted multiple technical “mini breakouts” across the crypto market, particularly noting Ethereum’s consolidation between $4,000 and $5,000, close to its all-time highs around $5,000.

Visser emphasized the importance of momentum across the entire crypto ecosystem, including assets like Dogecoin and Sui, stating, “Once it actually breaks through and goes, we need the entire ecosystem to be going.”