Bitcoin Expected to Surge Amid Federal Reserve Rate Cuts and Economic Uncertainty
Bitcoin is anticipated to reach $150,000 by 2025, according to Nigel Green of deVere Group, driven by potential Federal Reserve rate cuts. Despite volatility, many investors are expected to pivot towards Bitcoin amid economic uncertainties and a weakening dollar.
Bitcoin, currently valued at approximately $84,417, is projected by Nigel Green, CEO of deVere Group, to reach a six-figure valuation by 2025. This forecast persists despite the lack of support from U.S. President Donald Trump. Green attributes much of Bitcoin’s potential success to possible interest rate cuts by the Federal Reserve, which could weaken the U.S. dollar and make investors more inclined toward investing in Bitcoin rather than gold.
In a recent video update, Green stressed that, irrespective of Trump’s stance, Bitcoin is likely to gain momentum. He asserted, “we live in a digital world… you’re going to see Bitcoin start to soar again,” suggesting that lower dollar values would promote Bitcoin investment. Current market indicators from CME’s FedWatch tool show that a substantial majority of traders anticipate a rate cut in June.
The cryptocurrency market has faced notable volatility, with Bitcoin recently fluctuating around $86,000 before settling at $83,647.19. This situation reflects economic uncertainties, particularly concerning Trump’s tariffs, which can lead to short-term price declines due to heightened market risk, as noted by Bitwise CIO Matt Hougan. Additionally, Arthur Hayes, co-founder of BitMEX, believes Bitcoin could reach $250,000 by year-end, viewing the recent downturn as a temporary cycle phase.
In summary, Bitcoin is expected to experience significant growth, potentially reaching $150,000 by the end of the year, regardless of President Trump’s support. Investors might lean towards Bitcoin due to expected interest rate cuts, which could devalue the U.S. dollar. Current market fluctuations highlight the ongoing uncertainties but suggest positive long-term trends for Bitcoin and the cryptocurrency landscape as a whole.
Original Source: in.benzinga.com
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