Bitfinex Analyst: Crypto Economy Market Cap Will Reach $3.2 Trillion
Bitfinex analysts stated that, in the case of historical corrections and market fluctuations, the potential market value of the cryptocurrency economy will increase to $3.2 trillion. The latest Bitfinex Alpha report states that the cryptocurrency fear and greed index has turned to "extreme greed," indicating that Bitcoin is at a high point in the middle of a bull market and that the market is in a vibrant stage.
Bitfinex researchers explained that the growing interest of institutional investors in cryptocurrency assets (especially Bitcoin) is crucial. The long-awaited spot Bitcoin ETF acts as a catalyst and may transfer some funds to high-risk cryptocurrency assets. Nevertheless, Bitfinex strategists stated that Bitcoin is expected to maintain its favored position in institutional investment portfolios, especially in the first half of 2024.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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