Alexander Lorenzo argues Bitcoin will break past $112k within three months, citing upcoming crypto regulation bills, expected Federal Reserve rate cuts, and increased government adoption including moves by Binance owner CZ.
I believe Bitcoin will break past all-time high, which is about $112K, within the next 3 months, and here's why. We have a whole bunch of crypto regulation coming into play with the Clarity Act, Genius Act, and the Anti-CBDC Act. Basically, a whole bunch of crypto businesses are going to be created and there's going to be a whole bunch of clarity. This is like probably the number one most fundamental reason why cryptocurrency has been suppressed. And my estimations are we could see August and September, these 3 acts actually come into law. That's insane. The second most important reason why I believe we'll break past all-time high for Bitcoin is the federal interest rates. So we're at 4.25 to 4.5, and the Federal Reserve has pretty much clearly said that we're going to be dropping to 3.9. So we will have probably 2 interest rate cuts by the end of the year. And this is probably the most important aspect of printing money in our economy. Cryptos benefit from printing money. This is the number one indicator right here. And it's flashing bullish. And we can see from the owner of Binance, CZ, pretty much clearly saying that nations will print money to buy crypto. So we see this massive integration of crypto into governments, and it's like a big competitive race. And then we see governments printing money. So kind of a perfect environment for cryptocurrency. And I do believe Bitcoin will break past all-time high. And usually when Bitcoin goes into hype mode, which will likely happen, then altcoins always follow. Altcoins, their fuel is hype, so that really looks like it's about to happen.
