Bloomberg Intelligence analyst Jamie Coutts thinks the overall crypto market cap could jump by 6-7x this cycle.
Coutts says certain trading strategies will explode as the total market cap of $1.483 trillion at time of writing, balloons.
“As the crypto asset class heads towards $8-$10 trillion this cycle, I expect to see the proliferation of systematic and factor-based strategies. Watch for funds with proven out-of-sample returns and two cycles under their belt to go from sub-$25 million to $500 million -$1 billion [assets under management].”
Trending: Elon Musk: I Won’t Vote For Joe Biden Or For ‘Pro-Censorship’ Nikki Haley
Source: Jamie Coutts/X
Coutts also bats down the idea that crypto’s recent bullish price action is entirely due to the hype surrounding the potential approval of a US spot Bitcoin (BTC) exchange-traded fund (ETF).
“Those that believe that recent price
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!