Analyst Predicts Bitcoin Surge Amid Interest Rate Cuts

CoinMarketCap11-03

Bitcoin recently surpassed a historic high of over 100,000 Canadian dollars. Dean Skurka, President and CEO of digital financial services firm WonderFi, believes that interest rate cuts in Canada and ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2480806736?lang=en_US&edition=fundamental","thumbnail":"https://academy-public.coinmarketcap.com/srd-optimized-uploads/95149b09f0f2447cb0aa60c530721056.webp","is_english":true,"pubTime":"2024-11-03 04:39","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2480806736","market":"us","top_or_hot":-1,"title":"Analyst Predicts Bitcoin Surge Amid Interest Rate Cuts","media":"CoinMarketCap","content":"<div>\n<p>Bitcoin recently surpassed a historic high of over 100,000 Canadian dollars. Dean Skurka, President and CEO of digital financial services firm WonderFi, believes that interest rate cuts in Canada and ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/67268dfc4f050e5599771027/\">Source Link</a>\n\n</div>\n","source":"coinmarketcap_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Analyst Predicts Bitcoin Surge Amid Interest Rate Cuts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAnalyst Predicts Bitcoin Surge Amid Interest Rate Cuts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-03 04:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/67268dfc4f050e5599771027/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin recently surpassed a historic high of over 100,000 Canadian dollars. Dean Skurka, President and CEO of digital financial services firm WonderFi, believes that interest rate cuts in Canada and ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/67268dfc4f050e5599771027/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MSTX","symbol_name":"Defiance Daily Target 2X Long MSTR ETF","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/67268dfc4f050e5599771027/","article_id":"2480806736","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/95149b09f0f2447cb0aa60c530721056.webp"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2480806736","pubTimestamp":1730579963,"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"Bitcoin recently surpassed a historic high of over 100,000 Canadian dollars. Dean Skurka, President and CEO of digital financial services firm WonderFi, believes that interest rate cuts in Canada and the U.S., along with the 2024 U.S. Presidential election, could drive Bitcoin’s price even higher over the next 6-24 months.In an interview with Cointelegraph, Skurka explained that the Bank of Canada’s recent 50 basis point rate cut, along with the U.S. Federal Reserve’s ongoing rate reduction program initiated in September 2024, may attract both retail and institutional investors to the market or prompt them to increase their holdings.Skurka told Cointelegraph that these rate cuts indicate a larger global shift in monetary policy. “As the rest of the world continues to enter into lower interest rate environments as well, that is going to create a really compelling opportunity for the digital asset ecosystem to expand and recapture that retail excitement.”With these catalysts, combined wi","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"MSTX":"Defiance Daily Target 2X Long MSTR ETF","BK4588":"碎股","BK4585":"ETF&股票定投概念","MSTU":"T-Rex 2X Long MSTR Daily Target ETF","MSTR":"MicroStrategy Incorporated","BK4594":"比特币ETF概念"},"translate_title":"分析师预测比特币在降息期间飙升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MSTR":0.9,"MSTU":0.8,"MSTX":0.8},"content_text":"Bitcoin recently surpassed a historic high of over 100,000 Canadian dollars. Dean Skurka, President and CEO of digital financial services firm WonderFi, believes that interest rate cuts in Canada and the U.S., along with the 2024 U.S. Presidential election, could drive Bitcoin’s price even higher over the next 6-24 months.\nIn an interview with Cointelegraph, Skurka explained that the Bank of Canada’s recent 50 basis point rate cut, along with the U.S. Federal Reserve’s ongoing rate reduction program initiated in September 2024, may attract both retail and institutional investors to the market or prompt them to increase their holdings.\nSkurka told Cointelegraph that these rate cuts indicate a larger global shift in monetary policy. “As the rest of the world continues to enter into lower interest rate environments as well, that is going to create a really compelling opportunity for the digital asset ecosystem to expand and recapture that retail excitement.”\nHe clarified that the “signal of cuts and the idea that rates are not going higher” could create short-term optimism among investors. Typically, the full impact of rate reductions is felt within 6-18 months after cuts are announced.\nIn addition, Skurka highlighted the 2024 U.S. Presidential election as another key factor for Bitcoin’s price. He noted that the crypto industry anticipates a Trump presidency would be favorable for crypto, while a potential Harris win could trigger short-term market volatility.\nHowever, Skurka argued that Bitcoin’s long-term price trajectory will rise regardless of the election outcome, expecting that U.S. regulatory policies may shift positively due to pressure from crypto advocacy groups. “The net result of all these lobbying efforts should be a more positive and friendly environment on the other side of the election, regardless of who wins.”\nWith these catalysts, combined with significant Bitcoin ETF inflows, Skurka envisions a “very positive setup” for Bitcoin’s growth over the next several years.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2480806736"}