🚀 Analysts predict: Bitcoin bull run is coming, are you ready?
As the U.S. economy seems to be slowing down a bit, many people are starting to see Bitcoin as a safe haven, just like people hoarded gold during the Great Depression.
Cryptocurrency analyst Michaël van de Poppe believes that Bitcoin is likely to follow the historic rise of gold during the Great Depression. Now, with growing concerns about U.S. debt, inflation, and rising interest rates, Bitcoin is seen as an excellent hedge against these uncertainties.
Van de Poppe said that Bitcoin's four-year cycle is as stable as gold's predictable cycle during economic turmoil. You see, the global economy is changing now, the U.S. national debt has exceeded $35 trillion, and the Federal Reserve is trying to fight inflation while raising interest rates. Moreover, countries like China are reducing their investment in the U.S. dollar, which may weaken the dollar's influence and allow more people to turn to alternative assets like Bitcoin.
When it comes to the prospects of Bitcoin, Van de Poppe and some other analysts are optimistic. They feel that the U.S. economy may usher in a big bull run before the financial crisis that everyone is worried about. Coupled with the fact that the Federal Reserve may soon cut interest rates, this may be the final blow to push Bitcoin up.
In such uncertain times, investors usually buy assets such as gold and Bitcoin to protect their money. These assets usually do well when the economy is bad. Van de Poppe also mentioned that as the US dollar weakens, other currencies, such as the yen and the euro, are getting stronger!
In short, Bitcoin has attracted attention worldwide as a safe-haven asset, and its halving cycle and monetary policy may make it a modern means of storing value. But market volatility and regulatory uncertainty require investors to carefully assess their risk tolerance.
💬 Do you think that US debt, inflation, and rising interest rates will have a positive effect on Bitcoin prices? At the same time, will the Fed's interest rate cuts and quantitative easing policies in September be bullish or bearish for the cryptocurrency market? Would you consider including Bitcoin in your portfolio?See you in the comments section!
