Wall Street analysts predict that U.S. financial institutions will increase their Bitcoin allocations by the end of the year

ChainCatcher news, according to Cointelegraph, Wall Street veteran and macro analyst Jordi Visser predicts that U.S. financial institutions will increase their Bitcoin allocations by the end of this year.

In an interview released on YouTube on Saturday, Visser told Anthony Pompliano, "From now until the end of the year, traditional financial institutions will increase their Bitcoin allocations for next year. I believe the allocation of Bitcoin in various investment portfolios will rise. This is bound to happen." Visser predicts that traditional financial institutions will increase their Bitcoin allocations in the last quarter of this year in preparation for next year's investments, coinciding with market participants debating whether Bitcoin's price will peak in this cycle during that quarter.