Key Reasons Why Bitcoin Will Begin Its Bull Run Very Soon 🐃
Bitcoin's price recently dropped to around $53,500, a 9.3% decline, but macroeconomic factors suggest a strong recovery soon.
Economic Growth in G-7 Countries:
Economic growth in G-7 nations boosts investor confidence in riskier assets like Bitcoin. The OECD’s leading indicator shows strong, accelerating growth.
Expected Interest Rate Cuts:
The upcoming U.S. CPI report is expected to show a 3.1% increase, down from 3.3% in May. This progress toward the Fed’s 2% inflation target could lead to lower borrowing costs, historically increasing Bitcoin demand.
Tech Positivity:
Wall Street's optimism in the technology sector is a positive sign for Bitcoin. The Nasdaq-S&P 500 ratio hitting record highs reflects strong investor confidence. Bitcoin has historically rallied when tech stocks perform well. Concerns about a U.S. stock market bubble seem unfounded, with stable investor positions in S&P 500 and Nasdaq futures.
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