Bitcoin Can Keep Climbing Even if the Clarity Act Stalls, With Rates and ETF Flows the Key

Forecast Trend Report by Period

Bitcoin up 38% despite legislative setback

Bitwise revises view that downturn would drag on

Bitcoin already has ETFs, futures and other investment rails

Rates and institutional fund flows are the key variables

A setback in the U.S. Senate for the Clarity Act, a digital-asset market structure bill, has put expectations for a Bitcoin rebound to the test. But some analysts say passage of the measure should not be viewed as the decisive condition for further gains. Bitcoin already has the infrastructure for institutional investment, and its price is more sensitive to interest rates and actual capital flows than to regulatory change.