Expert economist warns of Bitcoin drop to $70,000 if interest rates are not reduced. Find out more about the predictions and market trends.
Timothy Peterson, an economist, has warned that if the Federal Reserve fails to lower interest rates in 2025, it may trigger a more severe market recession, potentially pushing Bitcoin towards $70,000. Peterson estimates a price floor forming over seven months with a 17% drop in the stock market index. He also predicts a 33% decline in Bitcoin to $57,000, but suggests it may not reach that low and the price floor could be close to $70,000. Arthur Hayes, co-founder of BitMEX, has made a similar forecast, stating Bitcoin could correct to a range of $70,000 to $75,000. These warnings come as Jerome Powell, the Federal Reserve Chair, has emphasized no rush to adjust interest rates.
