Coinbase Research Predicts Bitcoin Rise Amid Improved U.S. Growth and Crypto Legislation
According to a report by Coinbase Research, the outlook for crypto markets in the second half of 2025 is optimistic due to:
- Improved macroeconomic conditions
- Increased corporate interest in digital assets
- Greater regulatory clarity
Key developments include:
- The Atlanta Fed’s GDPNow tracker shows a 3.8% QoQ growth, up from earlier forecasts.
- Federal Reserve rate cuts and a less aggressive trade policy have boosted investor sentiment.
- Bitcoin's appeal may rise due to declining dollar dominance and inflation protection use-cases.
- Public companies are adding crypto to their balance sheets following a 2024 rule change allowing "mark-to-market" accounting.
- A potential systemic risk exists for firms that finance crypto purchases with convertible debt.
Regulatory updates
Recent legislative movements include:
- The Senate passed the GENIUS Act, a bipartisan stablecoin bill.
- The CLARITY Act aims to clarify the roles of the SEC and CFTC in overseeing digital assets.
- The SEC is reviewing over 80 crypto ETF applications, with potential rulings expected by July and finalizations by October.
Overall, bitcoin is set to benefit from macro and structural support, while altcoins face challenges amid evolving regulations and liquidity issues.