“Bitcoin (BTC) and other digital assets are set to surpass their all-time highs by the end of 2024,” expert warns
Now go, Bitcoin? The interest rate cut in the United States initiated by the Federal Reserve (Fed, the US central bank) last Wednesday (18) sounded like music to crypto assets.
Bitcoin (BTC), the world's largest cryptocurrency and the benchmark for the digital asset market, has soared more than 7% since then, surpassing the $60,000 mark.
And this may be just the beginning of its appreciation — this is what Valter Rebelo, economist at Insper and head of digital assets at Empiricus Research, believes.
The crypto asset expert explains that the interest rate decision was a crucial condition for the resumption of bull market and for Bitcoin to have a chance to surpass its all-time high price soon.
This is because when the Fed lowers interest rates, we can expect the dollar to become worth less (cheaper).
In turn, the fall of the dollar benefits the performance of dollar-denominated assets, such as Bitcoin and other cryptocurrencies (altcoins).
Furthermore, the drop in interest rates represents a loss of attractiveness for fixed income (which generally has its yield linked to the rate) and favors risky assets, such as cryptocurrencies.
This is what happened in the last bull market cycle (2020-2021), when Bitcoin prices started to react as a result of the expansion of liquidity caused by the fall in interest rates. And as you can see in the chart below, something very similar is happening this year:
And cryptocurrency investors can now get excited, because in addition to this…
There is another sign that Bitcoin will surge in the coming months
Falling interest rates are just one of the symptoms of liquidity expansionthat is, an increase in the amount of money available in the economy. And when this happens, the demand for risky assets, such as cryptocurrencies, can increase and lead to price appreciation.
Of course, this doesn’t happen overnight. As Valter Rebelo explains, “there is a delay of a few months that can be observed in the breakdown of the correlation between liquidity and BTC.”
Currently, we find ourselves in this correlation breakdown. “This points to strong movements for Bitcoin from now on,” says the expert.
“A big movement is coming in the price of bitcoin, and we believe that this movement is upwards, as liquidity is expanding”, reinforces Valter Rebelo
Be warned: Bitcoin and crypto rally is just a matter of time
With the market recovering and increased liquidity, expectations are that Bitcoin and other digital assets could surpass their all-time highs by the end of 2024, according to Rebelo.
Recovery is expected to occur in October, November and December. At this time, anyone who has a portfolio with high return potential assets will have the chance to surf significant gains with this market.
That is, whoever exposes themselves in promising assets besides Bitcoincan further increase your chances of making a profit.
This is because we are talking about coins that are much smaller than Bitcoin, cheaper (costing just a few dollars) and that have more room to grow in a short period of time.
Another reason to get excited: see how to receive R$200 in cryptocurrency batches
And the good news is that you can win a batch of one of the high-return cryptocurrencies recommended by Valter Rebelo, this month.
The expert is so confident in the potential of cryptocurrencies that he has partnered with the global brokerage Bybit to offer a lots of R$ 200 of one of the crypto assets from your list from September 23rd.
This coin belongs to the segment of RWAs (Real World Assets) or Real World Assets, a trillion-dollar sector that is one of Empiricus' bets to seek exponential profits in the coming months.
Basically, we are talking about traditional assets converted to the digital world through tokenization that have already delivered returns of 280%, 500% and even 2.340% in 2024. Given the imminent possibility of a Bitcoin and crypto market rally, these returns could be even higher.
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