Valentin Fournier noted that the last driver of the growth of exchange funds (ETF) based on Bitcoin was the rotation of capital from the sector of traditional assets.
“Since inflation strives for the target indicator of the Fed of 2%, the expectations of a multiple reduction in rates are intensifying. This can lead to a new wave of liquidity, which will benefit alternative risky assets, such as cryptocurrencies, more than promotions that may experience difficulties in the conditions of slowing down the economy, ”Fournier said.
According to him, the distribution phase ends on the market, since the clean tributaries in ETF began to slow down over the past few weeks. In the near future, it should be expected to increase the quotes of the main cryptocurrencies, but periods of short -term correction are also possible, the analyst summed up.
Previously, the former head of the US House Committee on Financial Services, the Congressman Patrick Mchenry promised the lawmakers of the US Congress Congress.
Source: Bits
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