America's financial crisis is leading to great inflation, crypto is the solution

Bank of America (BofA) warned that the potential for a recession in the United States (US) was getting bigger, and at that time crypto could strengthen, including Bitcoin (BTC)

This prediction is based on the fact that the Fed will continue to reduce assets on its balance sheet, while raising several benchmark interest rates in 2022. The Fed is tightening its monetary policy to tame the surge in inflation.

“Inflation is worsening, the interest rate shock has just begun, the recession shock is coming,” BoA Chief Investment Strategist Michael Hartnett wrote to their clients, as reported by Reuters.

Bank of America: Crypto Can Be Superior to Stocks

He added that in this context, cash, volatility, commodities and cryptocurrencies can outperform bond and stock markets.

Last Wednesday the Fed indicated it might start selling assets from its balance sheet amounting to US$9 trillion. It will start in early May and will do so twice as big.

no matter how much the crypto world tries to hold back, it is only a dead end strategy to hold back the rise in crypto prices 2024.