Bitcoin investors have mostly been focused on spot ETFs and the upcoming halving, but central bank monetary policy is also likely to play a sizable role in the 2024 price outlook.
Institutions may be tempted by DeFi products should the Federal Reserve take the wind out of traditional financial product yields this year.
The closely watched report
A cut in the U.S. Federal Reserve rate is seen as bullish, as it boosts risk appetite among investors.
The Fed is priced to be the most dovish among advanced nation central banks in 2024, with traders anticipating at least 100 basis points of interest-rate cuts.