Bitcoin Set to Surge as Fed Cuts Interest Rates, Predicts deVere Group CEO

Coin-Turk 1 month ago 107

Nigel Green, CEO of deVere Group, predicts that Bitcoin $84,412 could experience a significant price increase if the Federal Reserve decides to lower interest rates. According to Green, a reduction in rates may drive investors away from the dollar and towards cryptocurrencies. In this context, Bitcoin is expected to perform more robustly against traditional safe havens like gold, with Green forecasting a potential rise to $150,000 by year-end, representing a staggering 79% increase.

Expectation of Rate Cuts and Their Impact on Bitcoin

The likelihood of interest rate cuts by the Federal Reserve is being closely monitored within the cryptocurrency market. Data from FedWatch indicates that 69% of ...

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