Bitcoin’s Bull Market May Defy Interest Rate Expectations
By John Nada·Feb 7, 2026·2 min read
Jeff Park suggests Bitcoin's next bull market may not rely on falling interest rates, but rather could rise even as rates increase.
Bitcoin’s next major catalyst could challenge the prevailing belief that falling interest rates are essential for its price surge. According to crypto analyst Jeff Park, more accommodative policies may not trigger a bull market as many expect. During an interview with Anthony Pompliano, Park argued that the relationship between interest rates and Bitcoin’s performance could shift dramatically. Accommodative policies, like lowering interest rates, are typically used by the US Federal Reserve to boost economic growth and liquidity, making riskier assets like Bitcoin more appealing. However, Park suggests that rising interest rates might not always be detrimental to Bitcoin. He envisions a scenario he calls ‘positive row Bitcoin,’ where Bitcoin’s price could rise even as interest rates increase, contradicting traditional economic theories. This notion, while enticing, poses challenges to the established understanding of risk-free rates in the current monetary system. Park emphasized that the system is ‘broken,’ complicating the dynamics between the Fed and US Treasury. Traders on the crypto prediction platform Polymarket currently predict a 27% chance of three total Fed interest rate cuts in 2026. Bitcoin is reportedly trading at $70,503 as of the publication date, reflecting a 22.53% decrease over the last 30 days. The implications of Park’s perspective are significant. If Bitcoin can thrive despite rising interest rates, it could redefine the narrative around its value proposition. This could attract a new wave of investors looking for alternative assets amidst changing economic landscapes.