SCMP: three reasons bitcoin is unlikely to hit $100,000 this year
- —First factor: geopolitics around Iran and the resulting risk-off pressure on speculative assets
- —Second: the Fed's rate path and expectations for policy tightening weigh on bitcoin
- —Third: the bond market, where yields and flows into Treasuries compete with crypto
Why it matters: The piece explains why traders should treat year-end $100,000 forecasts with caution.
Source: Google News (crypto query)