Bitcoin's Long-Term Outlook Remains Positive Despite Market Challenges

According to BlockBeats, despite pressures from the Federal Reserve's hawkish stance, summer liquidity shortages, and ongoing Middle Eastern instability, BRN's chief analyst Valentin Fournier maintains a bullish long-term outlook for Bitcoin due to continued corporate purchasing. On Thursday, medical device manufacturer Semler Scientific (SMLR) announced plans to significantly increase its Bitcoin holdings from 4,449 to 100,500 by 2027. The company intends to raise funds through convertible bonds and on-market issuance. Fournier noted in his report that while market sentiment remains cautious and short-term trends are dominated by geopolitical uncertainties, Semler Scientific's announcement signals substantial structural demand. Meanwhile, some analysts have warned of systemic risks similar to those seen in the 2021 bull-bear cycle. However, Peter Chung, head of research at Presto, believes the current trend in crypto vaults is more stable than past "boom-bust" cycles. He highlighted that companies are generally avoiding high-leverage models using cryptocurrency-backed loans, which previously amplified downside risks. Additionally, due to insufficient data, there is no evidence of "excessive premiums" that would attract aggressive investors. On Friday, Bitcoin and other cryptocurrencies remained stable overall. The GMCI 30 index saw a slight increase, with Bitcoin prices holding steady around $106,000.