Michael Saylor still foresees a $150,000 Bitcoin price by the end of the year, despite temporary concerns with import tariff escalations.

This week started with a promising cryptocurrency market recovery after a $19 billion market crash earlier in the month, as demand for digital assets started rising with a potential end to the tariff wars on the horizon.

Crypto investor attention was largely focused on US President Donald Trump’s meeting with China’s President Xi Jinping, aimed at securing a trade deal to avert new import tariffs.

However, the positive momentum took a sharp turn on Wednesday, when Bitcoin exchange-traded funds (ETFs) posted $470 million in outflows despite the US Federal Reserve decision to cut interest rates by 25 basis points.

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Michael Saylor still foresees a $150,000 Bitcoin price by the end of the year, despite temporary concerns with import tariff escalations.

This week started with a promising cryptocurrency market recovery after a $19 billion market crash earlier in the month, as demand for digital assets started rising with a potential end to the tariff wars on the horizon.

Crypto investor attention was largely focused on US President Donald Trump’s meeting with China’s President Xi Jinping, aimed at securing a trade deal to avert new import tariffs.

However, the positive momentum took a sharp turn on Wednesday, when Bitcoin exchange-traded funds (ETFs) posted $470 million in outflows despite the US Federal Reserve decision to cut interest rates by 25 basis points.

Read more

Source Link