Kevin O’Leary pushed back on what many traders were betting on, saying he doesn’t expect the US Federal Reserve to cut interest rates in December and that such a move wouldn’t fluctuate Bitcoin’s price.
The well-known investor/entrepreneur said he doesn’t invest as if the Fed will ease policy, and he thinks Bitcoin will likely remain within 5% of its current levels.
Fed cuts odds up
According to the CME FedWatch Tool: Markets are now pricing in an 89% chance of a rate cut in December, a big turnaround from just weeks earlier when the odds were much lower. This shift in expectations has been a key driver of recent moves in risk assets, including crypto.
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Kevin O’Leary just said that a Fed rate cut in December is unlikely because inflation is still too high!
He also said: “It’s not going to make a difference for Bitcoin.”
Do you agree?
pic.twitter.com/lJBrW4Z2kA
— That Martini Guy ₿ (@MartiniGuyYT) December 3, 2025
Bitcoin responds to a shift in sentiment
Based on reports According to market trackers, Bitcoin climbed after a recent dip, recovering from a low near $83,000 to trade around $93,700 during early trading sessions. Coingecko quoted the price around $92,700 to $92,800 during morning trading.
Traders are pointing to support at $90,000 and resistance nearby $92,500and some agency notes say a clear break above could open a run towards $94,000 – $95,000.
Why O’Leary is skeptical
O’Leary has cited higher prices in the economy and persistent input costs as reasons the Fed might wait. Reports show U.S. consumer prices rose 3% annually in September, the fastest since January, a data point he cited to argue that inflation still matters. Inflation rates are closely watched by policymakers weighing the trade-off between jobs and prices.
Liquidity moves add fuel
Reports have shown that the Fed has quietly poured more than $13 billion of liquidity into short-term funding, a move that some analysts say has helped restore liquidity to money markets and supported risky assets.
That liquidity boost, along with the pause in quantitative tightening, has been identified by quant agencies as one of the reasons bullish momentum returned to crypto.
Market reaction
O’Leary’s view runs counter to the market opportunity and several analysts who see simpler monetary policy as a boost to assets like Bitcoin. He is not alone in warning against reading too much into one Fed decision, but many traders have already positioned themselves for easing and that positioning has moved prices.
What traders are looking at now
Traders say $90,000 is the key line for buyers, while $92,500 is the line sellers should trade for a higher move. A clear climb above $92,500 could point to $94,000 and $95,000, according to market notes. Liquidity flows and official signals from the Fed this week will likely determine whether these levels hold.
Featured image from Unsplash, chart from TradingView