Bitcoin Bull Run: Will Interest Rates Matter?
Industry experts are questioning the traditional link between Federal Reserve policy and Bitcoin's performance. While low interest rates have historically boosted BTC, new analysis suggests the next bull cycle may detach from macroeconomic norms.
Jeff Park of ProCap Financial proposes that Bitcoin could see price increases even with rising interest rates, a scenario termed "positive row Bitcoin." This would signal a shift from reliance on Quantitative Easing and position BTC as a hedge against systemic instability. The argument is supported by concerns over the U.S. monetary system's structural fragility, including potential dollar hegemony erosion and pricing disruptions.
Currently, Bitcoin trades near $70,503, showing recent volatility. However, long-term holders are increasingly viewing BTC's value proposition in a potentially "broken" monetary system, favoring sovereign digital scarcity over traditional yields.
As of February 7, 2026, traders assign a 27% probability to three Fed rate cuts in 2026. The evolution of Bitcoin into a counter-cyclical asset could redefine its role in institutional portfolios, with the next bull market potentially driven by conditions that previously hindered the crypto industry.
Cryptovka
Bitcoin Bull Market: Analyst Challenges Impact of Interest Rates
The traditional correlation between Federal Reserve monetary policy and digital asset performance is facing new scrutiny from industry experts....