Analyst Predicts Bitcoin Surge Amid Interest Rate Cuts

Bitcoin recently surpassed a historic high of over 100,000 Canadian dollars. Dean Skurka, President and CEO of digital financial services firm WonderFi, believes that interest rate cuts in Canada and the U.S., along with the 2024 U.S. Presidential election, could drive Bitcoin’s price even higher over the next 6-24 months. In an interview with Cointelegraph, Skurka explained that the Bank of Canada’s recent 50 basis point rate cut, along with the U.S. Federal Reserve’s ongoing rate reduction program initiated in September 2024, may attract both retail and institutional investors to the market or prompt them to increase their holdings. Skurka