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Network economist Timothy Peterson’s model suggests Bitcoin could bottom at $57,000 in the next bear market, but he said it\u2019s unlikely as too many investors “hover over Bitcoin like vultures.”<\/p>\n
Network economist Timothy Peterson warns that if the US Federal Reserve holds off on rate cuts in 2025, it may cause a broader market downturn, potentially dragging Bitcoin back toward $70,000.<\/p>\n
\u201cWhat it needs is a trigger. I think that trigger may be as simple as the Fed not cutting rates at all this year,\u201d Peterson said<\/a> in a March 8 X post. Peterson\u2019s comment comes just a day after Federal Reserve chair Jerome Powell reiterated that he’s in no hurry to adjust interest rates.<\/p>\n “We do not need to be in a hurry and are well-positioned to wait for greater clarity,\u201d Powell said<\/a> in a speech in New York on March 7.<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n