Crypto analyst Timothy Peterson suggests Bitcoin's ascent to $100K hinges on the U.S. high-yield rate dropping below 7%. This rate, reflective of high-risk corporate bond yields, currently stands at 7.54%. Peterson outlines a scenario where easing rates could shift investment towards riskier assets like Bitcoin, potentially catalyzing a climb to $100,000 by late 2024 or early 2025. However, the Federal Reserve's policies will play a critical role, with anticipated rate cuts potentially aligning with this forecast.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
