Bitcoin continues to rise, surpassing the key level of $105,000 and aiming for the next target at $106,000. Analysts express optimistic expectations regarding its further growth.
Predictions for Bitcoin: Possible Rise to $165,000
Wall Street expert Fred Krueger states that Bitcoin could experience significant rally in the next 90 days. He believes a lack of buyers in the U.S. Treasury auction may force the Fed to take emergency actions, potentially driving Bitcoin to $158,000-$165,000 within 24 hours.
New Global Payment System by BRICS Using Gold and Bitcoin
Krueger predicts that on July 25, BRICS countries might announce a new global payment system based on gold and Bitcoin, reducing reliance on the U.S. dollar. If successful, Bitcoin may reach $180,000 and possibly $215,000 if the Fed introduces yield curve control.
Global Events and Their Impact on Bitcoin Price
By mid-August, significant changes could occur, such as Germany processing euros with a 10% gold backing. Countries like Venezuela and Nigeria might shift reserves into Bitcoin, pushing its price to $265,000. Furthermore, by September, the Fed is expected to consider launching a digital dollar, which could drive the price to $390,000 in a short time.
The situation in the Bitcoin market continues to evolve under the influence of global events and economic decisions. The upcoming months may be crucial for investors and for the cryptocurrency itself.
