Bitcoin (BTC) recently reached an all-time high of over $100,000 CAD. WonderFi CEO Dean Skurka believes that interest rate cuts in Canada and the US, as well as the upcoming 2024 US Presidential elections, will further boost Bitcoin’s price in the next 6-24 months.

In an interview with Cointelegraph, Skurka said that the Bank of Canada’s decision to cut interest rates by 50 basis points and the US Federal Reserve’s interest rate cut program starting in September 2024 will continue to attract retail and institutional investors to the market.

Skurka also highlighted that the 2024 US Presidential elections are a major catalyst for Bitcoin’s price. The crypto industry believes that a Trump presidency will be better for crypto, while a Harris win could cause a short-term price shock.

According to WonderFi CEO, these catalysts and Bitcoin ETF inflows create a very positive environment for Bitcoin in the coming years. Share your thoughts in the comments!