Nigel Green, CEO of deVere Group, predicts Bitcoin could reach $150,000 by 2025, regardless of Trump’s support. He states that upcoming Federal Reserve interest rate cuts could weaken the dollar, driving investors to Bitcoin. Current volatility reflects economic uncertainties, yet analysts forecast substantial increases in Bitcoin’s value in the near future.

Bitcoin’s potential for substantial growth remains strong, regardless of U.S. President Donald Trump’s endorsement, according to Nigel Green, CEO of deVere Group. He predicts that Bitcoin could reach a valuation of $150,000 by 2025, particularly if the Federal Reserve proceeds with interest rate cuts.

In a recent video update, Green posited that such reductions may lead to a diminished U.S. dollar, influencing investors to shift towards Bitcoin as a more favorable asset. He argues that the current appetite for gold is largely influenced by economic uncertainties related to Trump’s tariff policies.

Moreover, Green asserts that the anticipated weakening of the dollar will further encourage Bitcoin investments, stating, “We live in a digital world…you’re going to see Bitcoin start to soar again.” Current trends suggest a majority of market traders expect pending rate cuts, with 69% forecasting this action in June.

The cryptocurrency market remains volatile; Bitcoin briefly surpassing $86,000 before settling at $83,647.19 amid increasing economic concerns. Analysts like Matt Hougan of Bitwise highlight that short-term price fluctuations often stem from market risks associated with economic uncertainties.

Furthermore, projections from Arthur Hayes, co-founder of BitMEX, estimate Bitcoin may reach $250,000 by year-end, interpreting the present price decline as a temporary phase in the market cycle. As of now, Bitcoin is trading at approximately $84,417, with a slight increase of 0.2% in the past 24 hours, according to Benzinga Pro data.

In summary, experts remain bullish on Bitcoin’s long-term trajectory, suggesting potential growth irrespective of external political support. With significant anticipated interest rate cuts, there is a projected investor inclination towards Bitcoin, potentially elevating its market value substantially. The cryptocurrency’s volatility may reflect broader economic uncertainties, but expectations for recovery and growth persist among industry leaders.

Original Source: www.benzinga.com

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