Nigel Green, CEO of Devere Group, Bitcoin if the US Federal Bank decides an interest rate reduction $84,417.86It predicts that it may experience a major price increase. According to Green, with the fall of interest rates, investors can move away from the dollar and turn to crypto currencies. In this process, Bitcoin is expected to perform stronger performance against traditional safe ports such as gold. Green estimates that Bitcoin can reach $ 150,000 by gaining 79 %value by the end of the year.
Expectation of interest rate reduction and its impact on Bitcoin
The possibility of the US Federal Bank to go to interest rates is carefully monitored in the crypto money market. According to Fedwatch data, 69 %of investors expect an interest rate reduction towards 2025. The fall of interest rates may weaken the US dollar, which can lead to investors to alternative assets.
According to Devere Group CEO Nigel Green, Bitcoin will be the prominent investment tool in this environment. Green, with interest rate reduction of the dollar depreciation, investors will lead to crypto currencies, he says. According to him, this process can seriously move Bitcoin’s price up.
Green says that Bitcoin was traded at a level of $ 84,000 as of March 2024, but it could reach $ 150,000 with an increase of 79 %by the end of the year. This estimate draws attention, especially in a period of increasing interest of corporate investors. It is thought that investors can focus on crypto currencies while diversifying portfolio.
Bitcoin’s long -term role against gold
Nigel Green acknowledges that gold, which is a traditional safe port investment, stands out during global uncertainty. However, with the acceleration of digitalization, he believes that Bitcoin can replace the gold in the long run. Although the US policies such as customs tariffs implemented, especially the US, this interest is thought to shift to Bitcoin in the future.
According to Green, we now live in a digital world, and therefore it is inevitable that investors will also turn to digital assets. Regardless of the policies of the Trump administration, Bitcoin will experience a strong rise again with the start of the interest cut.
Market analysts say that investors should approach such predictions cautiously. The price of Bitcoin is not only with supply-demand dynamics; It is also directly linked to economic data, Central Bank decisions and global geopolitical developments. For this reason, long -term planning should be kept in the forefront while creating investment strategies.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
