The conversation around Bitcoin's recent price movements has captured attention as macroeconomic factors take center stage.

Craig Shapiro, founder of The Alethea Narrative, and Roundtable anchor, Rob Nelson, explore how these factors could influence Bitcoin in the coming months.

Craig Shapiro believes that "the biggest thing that's driving Bitcoin currently is macro momentum, this economic momentum and what is the Fed going to be doing at the next meeting." Reflecting on Bitcoin's recent performance, Craig Shapiro highlights, "You saw Bitcoin on Friday was the best performing asset in the market."

The potential for Federal Reserve rate cuts is a significant point of discussion. The Fed is largely expected to cut rates for the first time since March 2020 at its next policy meeting just a couple weeks from now. Friday's big jobs report is likely to play a large factor in whether the Fed leans into a 50-basis point cut or a standard 25-basis point move.

Craig Shapiro notes, "The market's already pricing in four rate cuts in the next three meetings and eight rate cuts in the next six meetings." He emphasizes the importance of upcoming economic data, stating, "We'll get a better sense whether or not the Fed is going to be aggressive in that rate cutting."

Looking ahead, Craig Shapiro expresses caution, saying, "I think there is a reasonable chance that we could see a much choppier risk-taking environment between now and the election." However, he remains optimistic about Bitcoin's future, concluding, "As we push through the end of this year and move into next year with a much more aggressive cutting cycle, I think that's the environment where Bitcoin's really going to thrive."