Traiders and investors return after the summer holidays and become more active as buyers in September, Pliano explained his point of view. In his opinion, the expectation of a repetition of historical trends stimulates proactive purchases of an asset. Large players who expect strong results from bitcoin in the fourth quarter of the year are already beginning to build up positions.
The speculation around a decrease in the interest rate of the US Federal Reserve (Fed), which should occur on September 17, can give an additional impulse of bitcoin growth, the businessman believes. Pliano believes that low interest rates are beneficial for risky assets, such as cryptocurrencies, reducing the costs associated with the retention of unprofitable investments.
At the same time, the founder of POPP Investments skeptically reacted to the prediction of the growth of the bitcoin course to $ 1 million to the end of the four -year cycle, but I am sure that ultimately the cryptocurrency will reach this mark. According to the investor, ideal conditions for the next significant rally of bitcoin are created by a combination of resuming market activity and historical seasonal growth.
Earlier, Anthony Pliano said that in the world between countries and governments the “race for bitcoin” began. The race has one reason – the devaluation of the US dollar, the businessman assures.
Source: Bits
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