Gemini's Institutional Insights report forecasts continued expansion in the cryptocurrency market over the next two years, driven by favorable monetary policies, regulatory changes, and infrastructure developments.
Despite recent volatility, with Bitcoin trading between $53,550 and $72,000 and Ethereum between $2,800 and $3,970, the outlook remains positive. Key factors include a shift in global monetary policy, with central banks beginning to cut interest rates, potentially encouraging investment in risk assets like crypto. In the U.S., anticipated rate cuts could further weaken the dollar, boosting crypto prices.
Regulatory developments are also crucial, especially with the upcoming U.S. Presidential election possibly leading to a more favorable environment for digital assets. Gemini notes that a Republican victory could support self-custody and Bitcoin mining, alleviating regulatory pressures.
Finally, ongoing infrastructure improvements, including the rise of stablecoins and prediction markets, are expected to enhance market growth. Overall, Gemini's report emphasizes a strong long-term outlook for the crypto market, despite short-term fluctuations.
