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Institutional perspectives are shifting on the current crypto downturn. Major financial institutions suggest the sell-off phase may be nearing its conclusion, pointing to slower ETF outflows and strengthening futures positioning as supporting indicators.
Meanwhile, a prominent digital asset manager remains bullish on long-term Bitcoin prospects. Their base case projects BTC reaching $2.9 million by 2050, reflecting strong conviction in Bitcoin's future utility and adoption. Even their conservative scenario—while significantly lower at around $130—still reflects belief in cryptocurrency's foundational role, highlighting the wide range of potential outcomes investors should consider over the coming decades.