Disclaimer:

Disclaimer: The blog posts and comments on this blog and posts on social networks are not investment recommendation, are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed on the blog are Petar Posledovich's. Petar Posledovich does not guarantee the accuracy of the information presented on this blog and social networks. The information presented is "as is". The blog is stocks analysis and valuation, Bitcoin, Cryptocurrencies, Artificial Intelligence, AI, deep-learning focused. Independent, unbiased AI insights. Petar Vladimirov Posledovich is not liable for any investment losses incurred by reading and interpreting blog posts on this blog and posts on social networks. Conflicts of interest: I may possess some of the securities, currencies or their derivatives mentioned in the blog post and posts on social networks! The blog is property of Wolfteam Ltd. www.wolfteamedge.com Respectfully yours, Petar Posledovich

Friday, March 8, 2024

Bitcoin's Meteoric Price Rise

 


Bitcoin's price has gone sky high in the last couple of weeks, breaking its all time record high of 64 400 USD recorded on 12th November 2021.

General risk on sentiment and the Federal Reserve signalling it is close and ready to lower the target for the Federal Funds Rate and thus lower interest rate levels in the USA and by extension the global economy, since the Federal Reserve is the most influential global central bank.

Bitcoin's price could surpass 100 000 USD in 2024 in Wolfteam Ltd.'s view.

Higher Bitcoin prices generally beget even higher Bitcoin prices, momentum effect plus general technology risk on sentiment driven by artificial intelligence, AI and the Federal Reserve lowering the Federal Funds Rate target and thus lowering interest rate levels will be the main contributors to Bitcoin possible future price rise to 100 000 USD in 2024.

In addition, the money recycled to venture capital funds due to lower interest rates will feed technology entrepreneurship, including Bitcoin, cryptocurrencies projects entrepreneurship, which will bring further fundamental base for Bitcoin's price rise.

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