Bitcoin’s end-of-year run to $100K heavily depends on Fed pivot outcomes

Bitcoin's potential surge to the $100,000 level by year-end is heavily dependent on the Federal Reserve's policy shift, specifically its move away from quantitative tightening and the anticipated initiation of interest rate cuts. The Fed officially halted its liquidity drain program on December 1st, and markets are aggressively pricing in rate cuts, which fundamentally erodes the appeal of fixed-income assets, potentially leading to a capital rotation. This effect is amplified by structural risks in the equity markets, particularly in the tech sector, evidenced by the surging cost of protecting Oracle's debt against default. This combination of increased systemic liquidity from the Fed's pivot and growing credit stress in traditional assets creates a strong tailwind, positioning scarce assets like Bitcoin for a significant upside move.

(Source：Cointelegraph)