Dean Skurka, president and CEO of digital financial services firm WonderFi, believes that interest rate cuts in Canada and the United States, as well as the upcoming 2024 US Presidential Election, will continue to drive bitcoin prices higher over the next 6-24 months. Skurka explained in an interview with Cointelegraph that the recent decision by the Bank of Canada to cut interest rates by 50 basis points, as well as the Federal Reserve's ongoing rate cut program starting in September 2024, will encourage retail and institutional investors to enter the market or increase their existing positions.
Skurka also highlighted the upcoming 2024 US Presidential Election as a major catalyst for bitcoin prices, with the cryptocurrency industry believing that a Trump presidency would benefit cryptocurrencies, while a Harris victory could cause a price shock in the short term.
WonderFi CEO: Macro factors in Canada and the United States favor bitcoin prices
2024-11-02 19:19:40
Digital finance services company wonderfi president chief executive deandesk3cryptocurrencydesktopCrypto News
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