$326 billion asset manager forecasts first-time allocations by institutions previously absent from Bitcoin and crypto markets this year.
A $326 billion asset manager predicts 95% of institutions without Bitcoin or crypto exposure will make their first allocations in 2024. Ric Edelman cited the potential passage of the Clarity Act as a key catalyst for institutional adoption.
The forecast follows growing interest in crypto assets among traditional financial firms, though prior allocations remain limited. Edelman suggested regulatory clarity could mark a market bottom, driving further inflows.
No immediate market reaction was reported following the statement.