Report: Institutions Will Start Buying Bitcoins at The End of 2023

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CryptoQuant strategist Benjamin Brannan believes that institutional investors are prepared to acquire Bitcoin and that its entry into the market will begin to be seen in the third and fourth quarters of 2023.

He also sees BTC as a safe-haven asset and believes that it will attract more capital over time as investors begin to recognize its advantages over other assets.

The analyst has noted that the interest of funds in BTC has been weak due to the tightening of the Federal Reserve’s monetary policy and accelerating inflation, but if the regulator decides to keep the discount rate low, stocks and cryptocurrencies will become attractive instruments again.