According to BitcoinWorld, Kevin O’Leary, a prominent venture capitalist and investor, has predicted that Bitcoin’s price will remain stable, fluctuating within a narrow range of ±5% around $91,000, regardless of whether the Federal Reserve cuts interest rates in December. O’Leary expressed skepticism about the impact of the Fed’s decision on Bitcoin, contrasting with the broader market’s expectation of an 89.2% probability of a 25-basis-point rate cut, as indicated by the CME FedWatch Tool. His analysis suggests that Bitcoin may be becoming less sensitive to traditional macroeconomic factors and more influenced by its own developments, such as adoption and regulation.
Kevin O’Leary Predicts Bitcoin Will Remain Stable Amid Fed Rate Uncertainty
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