According to the economist, the Fed affects bitcoin through its monetary policy, which determines interest rates on loans, the general mood of the market and the willingness of investors to accept risks or play carefully.
“Bitcoin traders see in a possible September decrease in the Fed’s factor that will make the conditions for the coin more attractive. The successful choice of the new chairman of the Fed Next year is able to stimulate price growth. I have a high degree of confidence, that Trump will appoint a person loyal to the cryptor of a person, ”Kruger said.
The expert believes that the milder monetary policy of the American Central Bank will allow Bitcoin to maintain a bull trend over the next year. Thanks to the improvement of the legislation in the USA, cryptocurrency markets will be able to continue to receive a significant influx of capital from large companies, Kruger added.
The demand for bitcoins continues to exceed the proposal, and interest in cryptocurrencies demonstrates steady growth from investment funds. Such a background will not allow the price of bitcoin to fall below $ 100,000, the economist is sure.
Earlier, the Santiment platform experts said that in the short term, Bitcoin will not be able to return to the bull trend, since most investors began to fix profit.
Source: Bits
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