Bitcoin’s recent drop below $110,000 may lead to a rebound by year-end, driven by strong institutional adoption. Park of Bitwise Asset Management cites $90 billion in institutional capital, Fed rate cuts, and regulatory support as key factors, along with Bitcoin’s unusual summer strength in 2024.

Regulatory milestones, including SEC approval of in-kind ETF redemptions and BlackRock’s ETF options expansion, are shaping Bitcoin’s institutionalization. Park predicts Bitcoin will outperform in Q4–Q1, attracting institutional inflows. He sees the next frontier as sovereign Bitcoin reserves, potentially challenging the U.S. dollar in a new financial order.

Read more at Yahoo Finance: Bitcoin Stuck At $110,000 But Institutions Will Drive A Rebound In Q4, Expert Says