Cryptocurrency analyst Alex Kruger shared his expectations for tomorrow’s Fed rate decision. “Even though the interest rate market is already priced for a significant portion of that, we are looking forward to top-notch interest rate cuts tomorrow,” Krüger said.
The analyst said he would write an article about the FOMC and the economy, but emphasized that there has not been any major changes to his market views. “I’m still optimistic about stocks and Bitcoin. The market often forgets how fast Bitcoin can travel.”
Krüger said Bitcoin is likely to reach new highs by the end of the year. Despite limited purchasing power and profits from Saylor’s previous investors, analysts believe BTC is likely to reach new record highs.
Mathematically explaining this, Krüger argued that volatility expands at the square root of time. Therefore, if the volatility realized remains at about 40% until the end of the year, this will translate to 23% volatility over the next four months. This means that Bitcoin prices could rise to $136,000, according to analysts. This is about 23% of the movement.
*This is not investment advice.
