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Bitcoin climbs despite Fed rate hikes, with a $1M target by 2030 due to tech growth and currency debasement.

Market News
30 Sep 2026
Bitcoin Magazine
View Source
Bullish
Bitcoin climbs despite Fed rate hikes, with a $1M target by 2030 due to tech growth and currency debasement.

Bitcoin continues to rise even after recent Federal Reserve rate hikes, driven by factors like currency debasement and a strong technological future. Mark Moss highlights that rising long-term rates may reflect a booming economy rather than just inflation fears. He predicts Bitcoin could reach $1 million by 2030, supported by institutional buying and its role as a hedge against debt and monetary reset uncertainties. This outlook suggests Bitcoin's growth is tied to broader economic trends and innovation rather than just market speculation.

As of Oct 01, 2026 08:22 WIB, Bitcoin trades at Rp1.493.539.520 on Pluang, showing a slight 0.32% decline in the past day. Despite this minor dip, Bitcoin remains close to its maximum circulating supply of 20.1 million out of 21 million BTC, indicating a mature market. The platform data also shows a strong buying interest with 63% of orders favoring purchases, supporting the narrative of sustained demand amid broader economic shifts.

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Bitcoin's price briefly surged to $85,600 following the release of U.S. August personal consumption expenditures (PCE) inflation data, signaling a market reaction to inflation news. Shortly after, the price fell back to $84,350. During the four hours...

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Bitcoin briefly spikes past $85,500 on lower U.S. inflation data before pulling back.

Bitcoin briefly spikes past $85,500 on lower U.S. inflation data before pulling back.

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