Analysts at Derive, a crypto options exchange, predict Bitcoin could reach $140,000 and Ethereum $6,000 by the end of the year. This bullish outlook is attributed to declining interest rates and the Trump Administration's favorable stance towards digital assets. Sean Dawson, Derive's head of research, notes the administration's plans to appoint allies focused on reducing rates, following the dismissal of Fed Governor Lisa Cook. Additionally, the expansion of Digital Asset Treasuries (DATs) is expected to act as a leverage mechanism in this cycle. Despite potential risks from a broader market correction due to AI investments by major tech firms, analysts remain optimistic about significant gains in the cryptocurrency market.
Analysts Forecast Bitcoin at $140K and Ethereum at $6K by Year-End
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.