The CEO of the financial services firm deVere Group, Nigel Green, is predicting Bitcoin (BTC) will hit a massive six-figure target in 2025 for one key reason that doesn’t rely on US President Donald Trump’s support.
In a new video update, Green says that Bitcoin may start to outperform gold this year if the Fed starts cutting rates.
Green says gold is currently soaring because of macroeconomic uncertainty largely due to Trump’s tariff policies. However, he believes investors will start moving wealth into Bitcoin later this year, pumping its price, if the US dollar starts weakening due to rate cuts.
“When Donald Trump took over and he said that he was going make the US the ‘crypto capital of the world,’ everybody thought that Bitcoin was going to be the one to go with. And yet, when we look at it right now we’re seeing a 24% decrease in Bitcoin, but a 14% increase in gold. Gold right now is $3,000. It’s on the increase…
You should be looking at Bitcoin and actually saying it is digital gold…
We live in a digital world, and I think that with or without Donald Trump’s backing – and I think he’s going to back it – you’re going to see Bitcoin start to soar again. So what’s going to happen? At some stage this year, you will get the Fed start to reduce interest rates. It’s not going to happen right now, but when it does, the dollar declines, and when the dollar declines, people will be more inclined to buy Bitcoin. Bitcoin in the longer term is the one for me that’s going to beat gold.”
CME’s FedWatch Tool indicates that 69% of traders and investors are expecting the Fed to cut interest rates in June.
Green is also doubling down on his prediction that Bitcoin will increase more 79% its current value before the year’s end.
“Right now, [Bitcoin’s] trading around $84,000. I said at the beginning of the year, it will go to $150,000. Could I change my mind? Well, no, I’m not going to change my mind.”
Bitcoin is trading for $83,539 at time of writing, down 1.4% in the last 24 hours.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Tithi Luadthong
