Bank of America Predicts Gold to Reach $3,000, Bitcoin $75,000
Bitcoin is nearing the $69,000 price range and is only 6% away from breaching its all-time high of $73,737. Conversely, gold crossed the $2,700 mark on Sunday and is trading at $2,727 in the indices. If the precious metal holds positive momentum, its price could climb above the $2,800 mark. Bank of America wrote in its price forecast to investors that Bitcoin and gold could soon rally in the charts. Also Read: BRICS Settle 78% Oil Trade in Local Currencies, Ditch the US Dollar Bank of America: Gold & Bitcoin Price Prediction Source: American Banker Bank of America wrote that the Federal Reserve’s determination to slash interest rates in the coming quarters could boost the price of Bitcoin and gold. According to the bank’s latest report, an investment made today could reap the benefits during Q2 of 2025. Also Read: 11 Countries Might Join BRICS in 2024 as ‘Associated Partners’ According to the Bank of America report, Bitcoin is projected to reach $75,000, and gold could hit $...