Trump demands lower interest rates, Bitcoin nears $100k, Brandt very bullish
Last Updated on 5 May 2025 by CryptoTips.eu
US President Donald Trump is not wasting any time calling for a rate cut as his country’s economy weakens. On the other hand, Federal Reserve Chairman Jerome Powell is not backing down, and the latest set of economic data proves him right.
Bitcoin meanwhile, continues to perform quite well, holding firm at $95k over the weekend. If we can close out next week without a dip below $90k, a new bull run to $100k is indeed imminent. At the time of writing, Bitcoin is trading for $94,000.
Groceries
Trump has once again called for interest rates to be lowered via his own social media platform Truth Social, claiming that prices of many products, such as gasoline, groceries, and energy, have fallen and therefore interest rates should drop as well.
However, economists disagree. The only investments benefiting from the economic uncertainty are gold and Bitcoin at the moment. Although gold experienced a small blow-off top last week, seeking support below the recent high, Bitcoin is holding steady between $90 and $95k. A very hopeful sign.
Correction
Analyst Peter Brandt also noted last week that Bitcoin is doing very well considering the circumstances. The normally cautious chartist is forecasting a price of $125-$150k in August or September but warns of a very deep correction afterwards.
Hey @scottmelker
— Peter Brandt (@PeterLBrandt) May 1, 2025
If Bitcoin can regain the broken parabolic slope then $BTC is on target to reach the bull market cycle top in the $125k to $150K level by Aug/Sep 2025, then a 50%+ correction pic.twitter.com/WUUzxl0ckn
The only thing Peter thinks could undo this growth is a further devaluation of the US dollar, which he believes could lead to 1920s-style German-style hyperinflation. But that’s a very long way off.
