Bulls are firmly back in the driver’s seat. Powell cut rates on Wednesday, a 50 basis point cut, and the first since March 2020. Low interest rates and cheap money are fertilizers for crypto and equities and always drive them to new ATHs. Jerome Powell fired the starting pistol on the great bull run of 2024 and 2025. Welcome to the first innings. Equities started a little in front, reacting positively to the FED’s decision, with the S&P500 hitting a new ATH. Now, it is Bitcoin’s turn to head higher. BTC has turned on the engines after languishing below $60,000 and months of chop. Positive sentiment rips through markets. BTC is already trading above $63,000, and Bitcoin Dogs is going parabolic.
Cathie Wood’s Bitcoin price prediction of $3.8 million per coin in 2030 is starting to look far more realistic. As cryptos and equities start taking off, bears are feeling the pain. It is about to get a lot worse for shorters and non-believers.
Bitcoin bulls target $64,000
Bears were highlighting recessionary fears, but the reality was a rude awakening. Powell is cutting rates, and the US economy is strong—perfect conditions for Bitcoin to start trading upwards aggressively. Bonds have been tanking, which signals that globally, investors are shifting towards risk-on assets.
Thanks to the ETFs, Bitcoin has been legitimized as an alternative store of value with the BlackRock stamp of approval. It will inevitably attract more capital than any prior cycle. Moreover, trading above $100,000 is easily a reality before the end of the year.
Bitcoin spot ETF inflows are up, and institutional interest in shorting Bitcoin has fallen off a cliff. Markets are transitioning from PvP to PvE; all that is left to do is ride the wave and buy all dips.
Cathie Wood: $3.8 million Bitcoin price prediction
Cathie Wood, CEO of Ark Invest, has doubled down on her claim that BTC will reach $3.8 million by 2030. However, the real area of interest is the Bitcoin ecosystem. In the last cycle, all investors could do was buy BTC and send it on the network. The technological breakthrough of the Ordinals and the introduction of BRC-20 tokens opened a whole new world. Moreover, Bitcoin Dogs is a prince in the kingdom.
Bitcoin Dogs surges alongside BTC
Bitcoin Dogs is the first ICO to launch on the Bitcoin network. It is a central player in the new and evolving BTC-native ecosystem. As the primary meme coin BRC-20 token, it enjoys a soft peg to BTC. Besides, all this upward price action has 0DOG going parabolic. The listings on MEXC and Gate.io added more fuel to the fire. Holders are already speculating on the first tier 1 centralized exchange to list 0DOG.
The growing interest in BTC has translated into buying pressure for 0DOG, and analysts speculate that this is smart money getting ahead of the trend. Typically, capital rushes to majors and then to smaller caps. BTC rallies, and then the altcoins in its ecosystem pump aggressively. Bitcoin Dogs will be first in line, and buying 0DOG today is how investors can get ahead of the curve.
Bitcoin Dogs has a 10,000-strong NFT Ordinals collection launching later this quarter, enabling investors to own proprietary art on the Bitcoin network. The Telegram game has been turning plenty of heads since reviews from beta testers went live, and Bitcoin Dogs is a bonanza of exposure. 0DOG holders enjoy directional returns with BTC, inflows from art enthusiasts, and gain exposure to GameFi, which is touted as one of the most undervalued areas in crypto this cycle.
Bitcoin price predictions forecast $100,000 before the end of 2024 and a multi-million dollar price tag before the decade’s end. The upside for Bitcoin Dogs, the network’s leading meme coin, is nearly limitless over the next twelve months.
Visit the official Bitcoin Dogs website to learn more.
