Expert: problems of traditional finance will ensure Bitcoin growth in 2024
As cryptocurrency markets show signs of consolidation, analysts are predicting a bullish trend for Bitcoin in 2024. Macro Monday, hosted by Scott Melker, featured CoinRoutes CEO Dave Weisberger, who listed the macroeconomic factors that could propel Bitcoin to new heights.
Weisberger attributed the stabilization of the Bitcoin price at $42,000 to the lull typical of the end of the year. Despite BTC fluctuating between $42,000 and $44,000, the analyst sees several catalysts that could push the price of Bitcoin higher.
In addition, Weisberger pointed to a unique set of macroeconomic factors, one of which was the unusual yield curve in the bond market. Experts called it ridiculous and pointed to signs of a broken system. He also pointed to the challenges facing the US Federal Reserve and expressed skepticism about the possibility of a soft landing for the economy.
