Experts believe the Bitcoin price is on the verge of a serious spike and once again graces headlines. Others believe it might reach $250,000 by the end of 2025! But why? Ultimately, this is about U.S. Federal Reserve (Fed) decisions about interest rates.
Former CEO of BitMEX, Arthur Hayes, says the Fed could cut interest rates on April 1. This typically implies that more money enters the economy and the price of Bitcoin rises. Bitcoin has also reached a bottom price of $77,000 and that now it could be due for a climb higher, Hayes commented.
Months after a Fed meeting, Bitcoin rose from 3.5% to $87,000 and was in good shape. But other cryptocurrencies such as Ethereum (ETH), XRP, Solana (SOL), and Dogecoin (DOGE) climbed in value also.
One reason Bitcoin could rise is because of Donald Trump. According to some reports, his administration is thinking of purchasing Bitcoin as a part of a strategy to help improve the U.S. economy. This might cause prices to go even higher if true.
Bitcoin experts also stated that if the Fed starts printing more money, the price of Bitcoin will begin to skyrocket. When this happened last time, Bitcoin did get to $70,000 in 2021. And now, they begin to believe that history will repeat itself.
All these factors give Bitcoin an exciting future. Will it really hit $250,000? But as of now, many are keeping a close eye on the market.
Also read: Bitcoin & Ethereum Price Predictions: BTC in Senate Reserves, ETH’s March 5 Outlook
