Moss Sees Booming Economy in Fed's Rate Hikes, Predicts BTC to $1 Million
Mark Moss, host of the Market Disruptors podcast, argues that Bitcoin's price is rising despite the Federal Reserve's rate hikes because of a booming economy and monetary debasement. He believes long-term rates are increasing due to a growing economy, not inflation concerns.
Moss thinks most people misread why long-term rates are rising, citing a 5.1% 10-year yield. This trend is actually a sign of economic growth, which benefits Bitcoin adoption and technological advancements.
According to Moss, a $40 trillion U.S. debt backdrop makes the case for Bitcoin's rise even stronger. He points to stablecoins, DeFi growth, a gradual monetary reset, and institutional buying while retail sells as bullish drivers for Bitcoin.
Moss forecasts that Bitcoin could reach $1 million by 2030 due to these factors. However, it is essential to note that he does not provide any concrete evidence or data to support this prediction.