With Bitcoin already up over 130% year-to-date, several pivotal developments in the year’s final month could provide fuel for prices to climb higher.
The Federal Reserve’s December 13 policy meeting could see interest rates remain steady or even decrease – a potential pivot that may encourage crypto investment.
The next US inflation figures arrive December 12. Further cooling could reinforce expectations of less aggressive Fed policy amid recession worries.
Additionally, giant asset managers like BlackRock have spot Bitcoin ETF applications pending. Approval could significantly boost prices.
While crypto sentiment remains cautious, friendlier Fed policy, inflation relief, and ETF clearance would be bullish trifecta.
Risks around global conflict and financial instability persist. But at minimum, Bitcoin appears geared for further regulatory legitimacy.
