Bitcoin recently hit an all-time high of over 100,000 Canadian dollars. Dean Skurka, President and CEO of WonderFi — a digital financial services company — believes interest rate cuts in Canada and the United States, as well as the upcoming 2024 US Presidential election, will continue to drive the price of Bitcoin higher between the next 6-24 months.

In an interview with Cointelegraph, Skurka explained that the Bank of Canada's recent decision to slash interest rates by 50 basis points and the US Federal Reserve's ongoing rate cute program, which began in September 2024, would encourage retail and institutional investors to enter the market or add to already existing positions.