Bitcoin (BTC) Price Could Surge Even Higher Over the Next 6-24 Months, Says WonderFi CEO

Dean Skurka, President and CEO of digital financial services firm WonderFi, believes that interest rate cuts in Canada and the U.S

Bitcoin recently crossed a historic high of over 100,000 Canadian dollars. According to Dean Skurka, President and CEO of digital financial services firm WonderFi, interest rate cuts in both Canada and the U.S., along with the 2024 U.S. Presidential election, may drive Bitcoin’s price even higher over the next 6-24 months.

In an interview with Cointelegraph, Skurka stated that the Bank of Canada’s recent 50 basis point rate cut, together with the U.S. Federal Reserve’s ongoing rate reduction program that began in September 2024, could attract more retail and institutional investors to the market or encourage them to increase their holdings.

“These rate cuts are signaling a larger global shift in monetary policy,” Skurka told Cointelegraph. “As the rest of the world continues to enter into lower interest rate environments as well, that is going to create a really compelling opportunity for the digital asset ecosystem to expand and recapture that retail excitement.”

He added that the “signal of cuts and the idea that rates are not going higher” could instill short-term optimism among investors. Usually, the full impact of rate reductions is felt within 6-18 months after cuts are announced.

Furthermore, Skurka pointed to the 2024 U.S. Presidential election as another crucial factor for Bitcoin’s price. He mentioned that the crypto industry generally anticipates a Trump presidency to be favorable for crypto, while a potential Harris win could trigger short-term market volatility.

Despite this, Skurka expressed his belief that Bitcoin's long-term price trajectory will rise regardless of the election outcome, expecting that U.S. regulatory policies may shift positively due to pressure from crypto advocacy groups. “The net result of all these lobbying efforts should be a more positive and friendly environment on the other side of the election, regardless of who wins,” he said.

With these catalysts, combined with substantial Bitcoin ETF inflows, Skurka envisions a “very positive setup” for Bitcoin's growth over the next several years.

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