Institution: Bitcoin's recent uptrend may continue further

TP ICAP's head of digital assets, Hina Joshi, stated that there may be further upward potential for Bitcoin's recent uptrend. She pointed out that financial institutions generally expect the Federal Reserve to resume interest rate cuts later this year, which will benefit risk assets including Bitcoin. According to LSEG data, the market is currently anticipating the next two interest rate cuts this year. The growth of encrypted reserves, the increasing number of Bitcoin based corporate strategies, and the gradual adoption by sovereign states may further drive the rise of Bitcoin.