Bitwise released a report, raising Bitcoin’s 2036 annual target price from 1300000 USD to 1600000 USD, and expects institutional allocation demand to reach 1500000000000 to 7000000000000 USD。
Investment expert Jordy Visser says that after Bitcoin holds above 82000 USD market FOMO sentiment is heating up, and AI agents, institutional Q4 allocation, and tokenization may become drivers of the crypto market.
BlockBeats, citing Forbes, reports that Citigroup raised Bitcoin's future 12-month target price from 82000 USD to 113000 USD, and expects Ethereum to break through 3000 USD. It expects investment advisers and brokerages increasing their allocations to bring approximately 5000000000 USD into Bitcoin ETF in inflows.
Bitwise Research head Ryan Rasmussen said that among the 15 large institutions he surveyed, none sold during Bitcoin's decline, and some increased their holdings. The institutions included pension funds, endowments, and sovereign wealth funds.
According to PANews, citing PRNewswire, Bitmine Chairman Tom Lee said the company's ETH holdings have exceeded 6000000 units, and said that this crypto bull market began at the end of June with institutions still underweight crypto assets.
SoSoValue data shows that, as of September 28 global listed companies' weekly net purchases of Bitcoin amounted to 239000000 USD, an increase of 30.4%;Strategy accumulated 1,665 Bitcoin.
Bitwise's institutional crypto adoption report states that none of the 15 large institutions surveyed reduced their crypto asset holdings during the relevant market drawdown, while some increased their holdings.