Forecasts from market experts: the price of bitcoin will not stop rising

What at some point began as a path of high uncertainty and fear among investors, in recent weeks has consolidated itself as a highly sought-after investment alternative in a market, where bitcoin continues to establish itself as the queen of cryptocurrencies, after achieving returns of over 50%.

Although it is said that everything that goes up, sooner or later comes down, this seems that will not apply in the short time with this digital currency or so is predicted by experts in this segment of investments, who expect it to continue rising, given that every day What happens, a new ceiling is broken in the records.

More news: The CUT remains firm in its proposal of 12% for the increase in the 2025 minimum

This is the case of Jeff Mei, director of operations of the BTSE exchange, who made it clear that bitcoin does not It will stop growing for now, until it reaches at least the barrier of US$125,000 per unit. If this happens, it would be an unprecedented event, since it would double its value in less than a month.

“Bitcoin’s rise is just beginning,” said Mei, in an address to international media, adding that “it still has enormous upside potential,” which should be taken advantage of by investors.

Bitcoin was born in 2008 from the dream of escaping the control of institutions financial. To achieve this, its mysterious creator, known only by the pseudonym Satoshi Nakamoto, used a technology called ‘blockchain’ that records transactions in a decentralized and unfalsifiable manner thanks to a network of computers spread throughout the world.

Since then it has been included in a storm that divides those who prefer more stable and tangible commodities such as oil and gold and those who seek riskier alternatives such as digital assets.

Regardless of the level of affinity of those who talk about bitcoin, the reality is that this currency is here to stay and that, at least this week, it has already marked another milestone, after breaking the barrier of US$106.00 dollars. in which, although it did not last long, it already leaves a mark of the path it could take.

Mei highlighted that the recent increase responds, in part, to the gradual entry of institutions and people with high net worth into the market and recognized that President Trump’s statements about the future of this currency in the United States have played a fundamental role in the growth.

Also read: 4×1,000: why could the banks not implement the adjustments to this tax?

Eyes on the Fed

After the month of November was driven Due to the victory of the president-elect, Donald Trump, in the US general elections, the stock markets seem to have reversed, led by the technology sector.

This week investors will be awaiting the next and last meeting of the year of the Federal Reserve (Fed) on interest rates. At this meeting, which will take place on December 17 and 18, the members of the Federal Open Market Committee (FOMC) will have to decide whether to make cuts, as already happened in September (50 basis points) and November (25 basis points). .

What entities operate with Bitcoin in Colombia?

iStock

It is expected that the Fed will lower rates by a quarter of a point, but that in January it will stop this cycle of rate cuts, a decision that “could be a positive decision for investors who are still uncomfortable with the trajectory of inflation,” according to CNBC.

That said, it is enough to highlight that bitcoin, like other cryptocurrencies, has been involved in numerous financial scandals. It is also accused of being used for money laundering and is the preferred currency of hackers.

EFE