According to Arthur Hayes, ultimately the policy of the US Federal Reserve (Fed) will create a rainbow picture for bitcoin, since after the recession the regulator will respond with a complex of measures that will increase the amount and reduce the cost of money.
“The market has grown sharply on the news, but there is nothing new in this. It was only an excuse for a cruel “dowel of a cat”. While the bull cycle continues, and the worst scenario is a decrease in BTC to $ 70,000, ”writes Heis.
In his opinion, the policy of US President Donald Trump will provoke the growth of the country’s public debt, and the increase in the money supply will become a positive driver for crypto.
Heis emphasized that during the pandemic, about $ 4 trillion poured into the US economy, which led to the growth of bitcoin 24 times. Now the possible infusion will be 70-80% of this volume, which can lead to a 10-fold growth of cryptocurrency.
Earlier, the analysts of the QCP Capital trading company said that Donald Trump’s decree on the inclusion of the first cryptocurrency in the state racer did not help the asset overcome $ 100,000, and traders expect a fall in the quotes.
Source: Bits
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