#coinbase
The Coinbase Bitcoin Premium index has risen, indicating a rebound in domestic demand in the United States, thereby strengthening analysts' bullish sentiment regarding Bitcoin's long-term price outlook. An analyst from the Bitcoin yield protocol TeraHash stated in an interview: "If ETFs continue to see inflows and the macroeconomic environment remains stable, Bitcoin could potentially trade between $130,000 and $150,000 by the end of the year, but it all still depends on the upcoming decisions of the Federal Reserve, particularly the long-awaited rate cut in September."
The market largely estimates that a rate cut by the Fed will serve as a 'booster' for Bitcoin, as a low-interest-rate environment is more favorable to riskier assets such as cryptocurrencies and stocks. James Butterfill, research director at CoinShares, stated he expects the Fed to quickly adopt an accommodative stance, with this policy shift translating into a greater focus on economic growth rather than controlling inflation, typically achieved through a rate cut aimed at reducing borrowing costs.
Butterfill said: "The Fed is already in a passive state, too sensitive to short-term inflation, and is likely to react reflexively by cutting rates; there is still controversy over whether there will be a rate cut in September, but it won't be too far off."
