Cantor Fitzgerald, Who Manages $20 Billion, Gives a Date for Bitcoin’s Bottom, Explains Which Altcoins Should We Focus On! “This Altcoin is a Key Example!”

Bitcoin experienced sharp declines in May and June, falling as low as $57,000.

While these declines have fueled analyses suggesting Bitcoin has hit bottom, some still believe the market could see levels around $50,000 before the bottom is reached.

Bitcoin’s Bottom May Come in October!

At this point, the latest analysis comes from Wall Street giant Cantor Fitzgerald. According to Cantor Fitzgerald analysts, Bitcoin and the cryptocurrency market are entering the final phase of a bear market.

According to US investment bank Cantor Fitzgerald, the cryptocurrency market has entered the final phase of a bear cycle, and Bitcoin could reach its bottom in the next few months.

According to CoinDesk, the bank analyzed in a recent report that as of June 10th, that date was 252 days after BTC’s peak, and the price had fallen by approximately 51%.

Analysts, noting that Bitcoin has historically reached its bottom in an average of 384 days, concluded that it could reach its bottom by the end of October.

Which Altcoins Are Standing Out?

Cantor Fitzgerald analysts recently stated that as Bitcoin and the market approach their bottom, investors should focus on projects that create sustainable value rather than speculative investments.

The bank cited Hyperliquid (HYPE) as a prime example of such projects.

The report also recognizes Bitcoin as the fundamental monetary asset of the ecosystem, while Ethereum is identified as the leading collateral infrastructure for on-chain financial systems.

Analysts also added that they believe the buyback and burn mechanism, where protocol fees are used to reduce the token supply, is the type of model that investors should prioritize.

At this point, Cantor Solana acknowledged that altcoins like Sui, XRP, and Zcash each possess unique competitive advantages. However, he stated that these networks need to prove they can translate ecosystem growth into sustainable token value.

*This is not investment advice.

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