Crypto expert Michaël van de Poppe He has made an argument for Bitcoin. macroeconomic factors That could quickly play out to the benefit of flagship cryptocurrency. He urged Bitcoin’s investors to act now, as a massive surge is on the way.
Bitcoin Would Benefit From An Imminent Quantitative Relaxation
Van de Poppe suggested He predicted in an X-post (formerly Twitter) that Bitcoin’s price would increase on the strength of Quantitative Easing. “close.” The note read: the Fed Already, the onset of a new “unwind Treasury buybacks and is reducing QT [Quantitative Tightening].” The claim is that he claims the situation because of economic data This has worsened and puts the US in danger of experiencing a recession.
In order to avoid a recession, the Fed has decided to buy back bonds. long-term government bonds Injecting liquidity in the financial system. This could actually be a good thing, as the expert predicted, since it would force the Fed into a more dovish position and lower interest rates. investors’ confidence You should not invest in high-risk assets, such as Bitcoin.
Van de Popper also predicts this Quantitative Squeezing will manifest itself in the coming data. Accordingly, Van de Popper advised investors to buy Bitcoin. Bitcoin fell to as low as $57,000 Many investors seemed to be anticipating a more hawkish Fed stance ahead of this latest FOMC.
The crypto expert is able to provide you with the best advice. notedThe rates are unchanged and Fed Chairman Jerome Powell has already raised the prospect of a cut in the rate as early as this June. Bitcoin’s recent price rise suggests that this has already re-invigorated investor sentiment.
What to Expect Moving Forward
Another X postVan de Popper shared his future expectations of the cryptocurrency market. He said that Bitcoin Will consolidate and move sideways, possibly ahead of QE that will increase its price over the next months. He also anticipates Altcoins You can also find out more about the following: “heavily outperform and rotation kicks in.”
Crypto expert has previously He expressed a similar view when he said that he expected altcoins will bounce on their Bitcoin pairs, The Bitcoin Faces period of consolidation He does not expect his attitude to change. “coming months.”
He also said that the narrative would shift from EthereumHe reaffirmed his belief in an earlier article. X postThe second-largest cryptocurrency token in terms of market cap is a big deal for him.
Bitcoin’s price is currently around $59,000, up 2% over the last 24-hours, according to data CoinMarketCap.
Source:| Source: BTCUSD on Tradingview.com
Chart from Tradingview.com, image by Seu Dinheiro
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