Amidst Bitcoin (BTC) Hitting $30K: Could the Federal Reserve Trigger a $200 Billion Price Surge? The resurgence of Bitcoin past the $30,000 mark has investors buzzing, and a growing consensus suggests the U.S. Federal Reserve could be the catalyst for an even more significant rally. According to Forbes, one analyst predicts a potential $200 billion price surge for Bitcoin driven by the Fed's actions.
Bitcoin (BTC) may be poised to surge to new all-time highs (ATH) as concerns grow over the independence of the US Federal Reserve. Notably, US President Donald Trump and his team... (and others) have previously commented on the Fed's influence on the economy. Now, bitcoin and crypto investor Michael Novogratz has said he expects the U.S. Federal Reserve to trigger a $200 billion bitcoin price boom later this year. It's at the heart of the debate.
The ongoing banking crisis along with macroeconomic concerns in the United States could likely trigger a favorable outcome for the crypto market in the upcoming months. As reported on Wednesday, at least 76% of the economists interviewed by Dow Jones expected the Fed to halt the long-standing interest rate hikes. Analysts generally believe a shift in monetary policy, specifically a pause or reversal of interest rate hikes, could inject significant liquidity into the market, benefiting risk assets like Bitcoin.
Furthermore, Katalin Tischhauser from Sygnum Bank highlighted that a strategic Bitcoin reserve purchase of $1 billion could potentially trigger a $20 billion surge in value. Now, as Bitcoin (BTC) has hit $30,000, one analyst expects the Federal Reserve to trigger a $200 billion price surge for the digital asset, according to Forbes. This speculation, coupled with positive sentiment and increasing institutional adoption, fuels the optimism surrounding Bitcoin's potential to reach new heights. Keep an eye on Federal Reserve announcements and policy shifts for potential market-moving events.