Bitcoin News

Story: Quantitative Easing Will Aid BTC – Not Easy To Establish Cryptocurrency Industry Is…

By Maheen Hernandez

1 / 13

Several cryptocurrency pundits have seen the cryptocurrency market as being independent of the traditional systems.

2 / 13

Delphi Digital, an industry researcher, stated that the strength or lack of strength in the macroeconomy might boost the cryptocurrency market moving forward. 

3 / 13

Investors who are looking for significant price appreciation might be attracted to BTC.  In order to maximize capital gains, it is wise to throw money in firms which have a…

4 / 13

The research concluded stating, “Given the outlook of slower economic growth and subdued earnings forecasts, the backdrop appears favorable for growth to outperform.

5 / 13

Several other researchers have as well stated about how the macro-economy can boost Bitcoin price in the forthcoming months. 

6 / 13

Brendan Bernstein, when talking about the long-term prospects of BTC stated that the U.S. Federal Reserve's decision concerning quantitative easing would aid BTC.

7 / 13

Bernstein opines that macroeconomic and political factors will give decentralized digital currency with a chance to outperform by attracting attention to democratic socialism.

8 / 13

Thomas Lee, stated, “I think that if Bitcoin matches what the S&P 500s have done this year, cause the S&P’s move this year is 2.

9 / 13

If Bitcoin would pump in 185%, it might touch upon its ideal standard deviation, where the price can be anywhere from $10,000 and $20,000.

10 / 13

Recent surveys reveal that young people are more open to cryptocurrencies like Bitcoin and other kinds of decentralized services.

11 / 13

Mati Greenspan when talking about mass adoption stated, "Though I personally don't have much taste for this content, it seems that a lot of young people do.

12 / 13

Meanwhile, the hard fork of Bitcoin SV has not been doing great.  This is evident when the fundamentals are looked in to very closely.

13 / 13

Despite all, there are others who are of the opinion that considering the 80% decline in the price of Bitcoin it is not easy to establish that the cryptocurrency industry is…

The Currency Analytics

Want the full story?