Bitcoin Bear Market Ends, Wall Street Splits on Crypto Outlook
Original title: Bitcoin's Bear Market Is OVER - But Wall Street Is Split
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Summary
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Key points
- Galaxy Investment Management says the Bitcoin bear market ended in June and recommends buying and holding
- Bernstein Research says it no longer assumes bullish crypto price action and now sees prediction markets as the growth engine for Robinhood and Coinbase
- Nvidia’s stake in Meta’s stock sale and Anthropic’s IPO filing are pulling capital away from crypto
- Bitcoin buying is happening inside bank apps and Ripple obtained a federal trust charter, impacting banks and stablecoins
- Bitcoin is in a tight range ahead of the Fed decision while Wall Street invests heavily in AI
Questions
When did Galaxy say the Bitcoin bear market ended?
What growth engine does Bernstein now see for Robinhood and Coinbase?
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