Robert Mitnik, head of the digital assets of the BlackRock investment company, said a potential recession in the United States can become a catalyst for bitcoin growth due to liquidity and fiscal measures.
Robert Mitchnick emphasized that the deficit of sentence, decentralization and relative independence of bitcoin will allow him to become a long -term tool for hedging risks for economic shocks.
“Bitcoin will benefit from increasing budget expenditures, accumulating a deficit and reducing interest rates – typical signs of a recession, which can become a catalyst for its growth,” said the Mitcher.
Many professional investors consider the current decline in quotations of the first cryptocurrency as an opportunity. They optimistically assess the prospects of the asset as a profitable financial instrument in their portfolios, the analyst concluded.
Earlier, QCP Capital experts reported that the potential change in the policy of the US Federal Reserve (Fed) and new stimulating measures by China and Europe can cause an increase in the cost of bitcoin after correction.
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Source: Cryptocurrency
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