Cryptocurrency analysts name catalysts for cryptocurrency growth

Bitwise experts have published a report on the achievements and trends of the cryptocurrency market.

According to it, several catalysts will determine the further development of the digital asset industry. Analysts predict that after the US presidential elections in November, regardless of their results, cryptocurrencies will «get to the White House,» which will have a positive impact on investor sentiment.

Thanks to lower interest rates on a global scale and additional liquidity in the markets, cryptocurrencies will have a more attractive environment than they do now. In addition, the resumption of inflows into bitcoin spot ETFs will allow the first cryptocurrency to demonstrate new historical highs and trigger the growth of other crypto assets.

Over the next few months, a large number of blockchain solutions will begin to scale, which will attract billions of dollars from leading investment funds and international companies to the crypto market, analysts said.

Bitwise experts believe that another catalyst for industry growth is the increase in the number of large banks that will offer cryptocurrency storage services to corporate and private clients.