Bitcoin Outlook Upgraded Despite Fed Rate Hike Risks by Tiger Securities
Tiger Securities has upgraded its outlook on Bitcoin despite potential risks from Federal Reserve rate hikes. The firm maintains a buy rating for the cryptocurrency, which is currently trading at $34.87, down 38% from its 52-week high of $55.96.
The platform's Financial Health score rates Bitcoin as 'EXCELLENT' with additional insights available to subscribers. InvestingPro data shows strong returns over the last three months.
Tiger Securities notes that two or three 25 basis point rate increases could weigh on Bitcoin if they lift real yields and tighten liquidity. However, stronger productivity supports risk appetite and tightening ends without a recession would make the impact more manageable.
The firm highlights public debt standing near 100% of GDP, with the Congressional Budget Office's February baseline projecting fiscal year 2026 net interest spending at 3.3% of GDP, absorbing roughly 19% of federal revenues. Additionally, the primary deficit is projected to be 2.6% of GDP.