CRYPTO NEWS | BITCOIN START NEW RALLY | TETHER MINTED 1B NEW COINS
CRYPTO NEWS | BITCOIN START NEW RALLY | TETHER MINTED 1B NEW COINS
⏰ Timestamps ⏰
00:00 intro
02:13 Market review
04:50 Bitcoin price
07:51 Ethereum Price
08:16 Avax Price
08:49 Tether Price
09:19 New Coins
10:22 Bitcoin New rally
With governments introducing new Covid restrictions, Bitcoin could benefit from another round of liquidity.
Bitcoin has been a better 'inflation hedge' than gold in recent years; rising inflationary pressures could continue to support the cryptocurrency.
Network effect keeps growing; more quant and macro hedge funds expected to open cryptocurrency unit in the medium term.
It is likely that Bitcoin will rally to $100,000 by the end of Q1 2022 as decelerating growth will imply looser policy and therefore new highs in the crypto market.
In our previous article entitled Bitcoin: The Upside Is Now Limited (published on April 29th), we mentioned that the upside gains were limited on Bitcoin in the medium term following the significant surge we saw in the past year. The market was then too confident on the direction of Bitcoin, and history has shown us that assets tend to move in the opposite direction when people are ‘overconfident’ about their investments.
This time is different as the macro outlook has changed drastically in recent months: new Covid restrictions, decelerating growth, rising inflation… In this article, we argue that Bitcoin prices could reach $100,000 in the coming months as the compressed volatility in all asset classes combined with the new rounds of liquidity to finance the costs of renewed restrictions will keep supporting the crypto market.
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