Eric Trump Said A Fed Rate Cut Would Result In Crypto Skyrocketing, But The Majority Of Polymarket Bettors Have A Sobering View On Bitcoin

Benzinga
2025.09.22 08:55
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Despite Eric Trump's prediction that a Federal Reserve rate cut would boost cryptocurrency prices, Polymarket bettors remain skeptical about Bitcoin's future. Current odds show only a 5% chance of Bitcoin exceeding $125,000 by September, with a 29% likelihood of it staying below $107,000. Following the Fed's quarter-point rate cut, Bitcoin's price has dropped by 4.35% to below $113,000, contradicting the typical bullish sentiment associated with rate cuts.

Cryptocurrency bettors held back from lofty Bitcoin BTC/USD projections despite the Federal Reserve's quarter-point rate cut last week.

Bitcoin Projections Trimmed Down

As of this writing, the odds on the apex cryptocurrency exceeding $125,000 in September were only 5% on Polymarket, while the chances of it topping $130,000 were reduced to 1%.

The odds of Bitcoin surpassing $120,000 were down to 14%, whereas the likelihood of the coin staying below $107,000 increased to 29%.

Eric Trump Predicted Otherwise

Interestingly, vocal cryptocurrency advocate and executive vice president of The Trump Organization Eric Trump, stated in an interview last week that a rate cut would significantly boost cryptocurrency prices.

“I just think you would potentially see this thing skyrocket,” Trump was quoted as saying by Yahoo Finance.

The Federal Reserve enacted a widely anticipated quarter-point rate cut last week, but the impact on the cryptocurrency market has been anything but positive. Since the rate cut, Bitcoin has dived by 4.35% to below $113,000.

Rate cuts are typically viewed as bullish for cryptocurrencies, as investors may shift from low-yield bonds and savings to riskier assets.

Price Action: At the time of writing, BTC was exchanging hands at $112,743.36, down 2.53% in the last 24 hours, according to data from Benzinga Pro.

  • Bitcoin To Reach $750,000 In The Next 5 Years, Pantera Capital's Dan Morehead Says

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