Wall Street Veteran: US Banks to Boost Bitcoin Allocations in 2024

US Institutions Set to Boost Bitcoin Allocations Amid Growing Crypto Market Momentum

  • Financial institutions in the U.S. are expected to increase Bitcoin allocations by the end of the year.
  • Surveys and reports indicate growing institutional interest in Bitcoin and other cryptocurrencies into 2025 and beyond.
  • Public companies’ Bitcoin holdings have reached around $117 billion.
  • Spot Bitcoin exchange-traded funds (ETFs) in the U.S. have seen over $56 billion in total net inflows since January 2024.
  • Analysts are watching for broader momentum across the crypto market, including price movements for both Bitcoin and Ethereum.

Jordi Visser, a Wall Street macro analyst, said that U.S. financial institutions plan to increase their Bitcoin allocations before the year ends. Visser spoke about these expectations during an interview with Anthony Pompliano on Pompliano’s YouTube channel.

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According to Visser, “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.” He expects that there will be higher Bitcoin exposure across institutional portfolios in the fourth quarter of this year. His comments come as other industry reports point to similar trends.

A March 2024 survey by Coinbase and EY-Parthenon found that 83% of institutional investors plan to raise their cryptocurrency allocations in 2025. Another report from Bitwise projects $120 billion in Bitcoin investment inflows by 2025, growing to $300 billion by 2026.

Spot Bitcoin ETFs in the U.S. have recorded about $2.33 billion in net inflows in the past five days, pushing total investment since their launch in January 2024 to $56.79 billion, according to Farside. The number of public companies adding Bitcoin to their balance sheets has reached approximately $117 billion, according to BitcoinTreasuries.NET.

Visser commented on recent market activity, saying he likes the current technical trends on Bitcoin charts but stopped short of predicting a specific price. He highlighted that, in addition to Bitcoin, he is watching other major cryptocurrencies such as Ethereum: “What I really wanted to see was Ethereum get through 4,000. Now it’s been consolidating between 4 and 5. Great. All-time highs are up around 5,” he said.

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He also mentioned that for the crypto ecosystem to grow further, broader participation from other cryptocurrencies—such as Dogecoin and Sui—is necessary.

For more details on the interview, see the full conversation on YouTube.

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