Bitcoin's price rose aggressively since the beginning of the year 2024.
Bitcoin is in a bubble, which will keep blowing larger, especially now that the Federal Reserve is intent on lowering interest rate levels.
What could stop Bitcoin's price advance is a medium or large financial crisis that could cause broad economic disruption. A medium financial crisis has 68 % probability, according to Wolfteam Ltd.'s estimates with the current level on interest rates exemplified by the Federal Funds Rate at 5.5 % and the probability of a medium financial crisis will continue to be above 50 %, as long as the Federal Funds Rate and mortgage rates are above 4 %.
No comments:
Post a Comment