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Wild Public Opinion: Bitcoin Will Explode, Altcoins Will Soar, or Will They Plummet Because of New Hampshire and The Fed!
New Hampshire makes a crazy breakthrough on May 7, 2025, becoming the first U.S. state to dive into Bitcoin for strategic reserves through bill HB 302! They can park 5% of public funds in Bitcoin and gold assets with a market capitalization above $500 billion. This is big news, bro! The public on X is very lively, many believe Bitcoin will soar to $150,000 by the end of this year, especially if other states like Texas or Florida join in. "Bitcoin will become the new gold!" say the HODLers. But there are also skeptics, afraid the price might crash if the market overheats or The Fed stirs things up.
Meanwhile, The Fed tomorrow (8 May) will announce interest rates, and the market has placed bets that there will be no change from 4.25%-4.5%. Netizens on X are divided: some say that if Jerome Powell remains "cool" about interest rates, Bitcoin could stay cool at $96,000-$97,000 or even touch $100,000. But if Powell speaks hawkishly, the US dollar could go wild, and Bitcoin plus altcoins could plunge to support at $75,000! "The Fed is once again the enemy of crypto!" protested some users.
Altcoin? The public is somewhat pessimistic. Only Bitcoin is on the radar of Bill HB 302, so Ethereum, Solana, or XRP only get the "side effects" if BTC is bullish. But if The Fed signals a rate cut in 2025, altcoins could also surge, especially those with strong fundamentals. "SOL to $500, ETH to $10,000!" shouted altcoin fans on X, although many are skeptical about the volatility.
Whatโs causing a stir is that netizens believe New Hampshire's steps will be contagious. "Imagine if Japan or Switzerland jumps in, Bitcoin to $1 million!" wrote one account. But there are also those who fear that strict regulations or Trumpโs trade drama will create chaos in the crypto market. Wild opinion? Bitcoin will become the king of assets by 2030, but altcoins are still like a rollercoaster, going up fast, dropping even faster. "HODL or die!" says the majority, while singing "In DCA we trust!"