According to experts, the cryptocurrency markets in the second half of the year awaits gradual growth. Bitcoin will update the historical maximum due to greater regulatory clarity and improve economic indicators in the United States.
According to David Duong, Coinbase Institute research, more and more public companies include the first cryptocurrency in their balances. This trend was accelerated after the rules of financial accounting in the United States have changed and companies allowed to reflect cryptocurrencies at a fair market price.
Duong emphasized that the strategy for attracting capital through debt obligations to buy bitcoin creates systemic risks for the market. During periods of deep correction of the company using such a strategy, they will face the need for forced sales to cover their obligations. This can cause panic among investors.
In the near future, the risk of debt liquidations is insignificant, since their repayment period occurs in 2030. However, the situation may change as debts accumulate and the emergence of new participants on the market with a similar strategy for buying cryptocurrency, Duong noted.
Despite the risks, Coinbase Institute has concluded that Bitcoin’s bull trend will probably continue in the third and fourth quarters. However, the positive dynamics of the market will depend on many fundamental factors and unexpected circumstances, experts summed up.
Earlier, Gemini and Glassnode experts said that due to the fact that 30% of Bitcoin emissions are stored in the so -called centralized structures, the market has changed towards “institutional maturity”.
Source: Bits

I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.