Coinbase: "Bitcoin Could Reach New All-Time Highs This Year"

Coinbase Institutional has issued an optimistic outlook on the cryptocurrency market for the second half of 2025. Additionally, it warned that leveraged Bitcoin acquisitions by corporations could introduce risks to the market.

According to The Block, a media outlet specializing in virtual assets, David Duong, Head of Institutional Research at Coinbase Institutional, stated in a report that "structural bullishness is expected for Bitcoin due to anticipated economic growth in the U.S., the possibility of interest rate cuts by the Fed, increased corporate crypto adoption, and clarity in regulations."

Duong added, "There is a chance that Bitcoin could set new all-time highs in the next three to six months," and noted, "The effects of tariffs are easing and pro-growth policies are being implemented."

There was also an opinion presented that the recent increase in corporate Bitcoin purchasing could lead to market instability. According to the report, 228 listed companies currently hold a total of 820,000 BTC. Some of these companies are following the model of Strategy (formerly MicroStrategy) to purchase digital assets using a convertible bond-based leverage model.

Duong pointed out, "The emergence of publicly listed companies aiming to accumulate assets through crypto could cause instability across the market."

The report also addressed ongoing changes in U.S. crypto regulatory practices. Currently, the U.S. Congress is moving to consolidate stablecoin regulation bills such as the Genius Act, with the potential for passage before the summer recess. In addition, the 'CLARITY Act', which seeks to clarify the division of authority between the SEC and the Commodity Futures Trading Commission (CFTC), is also under discussion.

The media outlet added, "The U.S. Securities and Exchange Commission (SEC) is currently reviewing over 80 ETF-related cases, including those for staking-based products and individual altcoin ETFs such as Solana, XRP, and Dogecoin. Decisions on major approvals are likely to come between July and October."