Bitcoin to hit 200,000 USD by year-end as Fed rate cut looms

An influential figure in the financial world, known as the "Wall Street Oracle," has forecasted that Bitcoin will reach a new milestone of 200,000 USD by the end of this year. This prediction is based on the anticipation that the Federal Reserve will lower interest rates during its September 17th monetary policy meeting, which is expected to boost the price of Bitcoin.

The "Wall Street Oracle" emphasized that cryptocurrencies like Bitcoin and Ethereum are highly sensitive to monetary policy. The upcoming Federal Reserve meeting is seen as a crucial catalyst for Bitcoin's price movement. Despite the Federal Reserve's slow pace in reducing interest rates this year, market expectations are high for a rate cut in the upcoming meeting. Some analysts even predict a 50 basis point reduction, double the previously anticipated 25 basis points.

Historically, cryptocurrencies have performed well in low-interest-rate environments, similar to stocks. The Federal Reserve's three rate cuts last year resulted in significant price increases for major cryptocurrencies. This trend is expected to continue, driving Bitcoin's price to 200,000 USD by the end of the year, according to the "Wall Street Oracle."

This prediction aligns with the views of other Wall Street analysts who believe that the current bull market for cryptocurrencies is just beginning. They anticipate that Bitcoin will reach a peak of 150,000 USD to 200,000 USD within the next 6 to 12 months, with the bull market potentially lasting until 2027. This optimism is fueled by the U.S. government's efforts to establish clear regulatory frameworks for cryptocurrencies, aiming to position the country as a global leader in the digital asset space.

Recent initiatives, such as the "Crypto Project" by the U.S. Securities and Exchange Commission and the "GENIUS Act" signed into law, demonstrate the government's commitment to creating a favorable environment for cryptocurrencies. These developments are expected to drive further adoption and investment in the cryptocurrency market, supporting the "Wall Street Oracle's" prediction of Bitcoin reaching 200,000 USD.