O’Leary Doubts Fed Shift, Says Bitcoin Will Stay in Its Tight Range

American entrepreneur and investor Kevin O’Leary has dismissed growing chatter that monetary policymakers in the United States are preparing to ease borrowing costs in December. Such a move is often linked with improved sentiment across digital-asset markets. However, he argues that the central bank’s next step is unlikely to change the current trajectory of the world’s largest digital token.

During a conversation on Tuesday, O’Leary made it clear that he views the speculation as premature. He stressed that expectations for a shift in policy have run far ahead of the evidence. Moreover, he doesn’t believe any forthcoming announcement will meaningfully sway the performance of major digital assets.

Why O’Leary Sees Limited Movement Ahead

O’Leary explained that he isn’t positioning his portfolio around the assumption of reduced borrowing costs. According to him, underlying price pressures across the economy remain too persistent for policymakers to make a decisive turn so soon. He noted that rising input expenses, supply-side strains, and ongoing tariff effects still affect broader price trends.

Despite these concerns, some traders have assigned strong odds to a change that would tilt investors toward assets considered more speculative. 

This is due to reduced appeal in traditional fixed-income instruments. Yet O’Leary is unconvinced that digital assets will react dramatically one way or the other.

According to him, the leading token has settled into a temporary range that reflects current macroeconomic conditions. He expects its value to fluctuate within a narrow band around its present mark, with neither a sizable drop nor a sharp breakout appearing likely in the short term. He acknowledged that enthusiasm remains strong, but the clear catalysts capable of propelling a major move have yet to emerge.

Shifting Expectations as the Decision Nears

The outlook for the December meeting has swung sharply in recent weeks. Earlier in November, expectations for a shift were lower, but jumped after remarks from a senior policymaker who suggested that adjustments could be made. That comment sent probability estimates sharply higher almost overnight.

Even so, O’Leary maintains that the broader market may be reading too much into each new signal. Prior adjustments earlier in the year have led many investors to assume a continued easing path. But, he warns that policymakers remain focused on long-term objectives rather than short-term market sentiment.