The reason for this is the new US administration led by President Donald Trump.
My model is simple. This administration wants a significant reduction in interest rates and will do everything it can to achieve that, he explains. Tax cuts are just around the corner. All of this will lead to massive injections of liquidity, whether through QE or other means.
Mr. Bakhit is referring to a form of increased liquidity called quantitative easing (QE). Cyclical Valhalla is coming, he added in another post. QE is the most likely timeframe for such liquidity injections to begin.
The base case assumes ETH/USD reaches $8,000 and SOL/USD reaches $900; the high end of
range is ~2x these values, Barhydt added.
Is it possible for BTC to fall 25%?
#Bitcoin and
#altcoins are often predicted to be higher this year while consolidation begins at the start of the Trump presidency.
Various major global companies have set targets of $200,000 or more. and that number will only rise over the next decade.
However, some believe that the first to be hit will be the chawlers. Arthur Hayes, former CEO of
#cryptocurrency exchange
#BitMEX , is one of them, and this week he warned that the new administration will not be a panacea for rising prices.
The global community is quickly realizing that just because Trump was elected, U. S. policy hasn't changed much. We understand cryptocurrency prices will fall to levels seen in the fourth quarter of 2024, he wrote in his latest blog post
My call for a bitcoin retest of $ 70000 - $ 75,000 remains valid.
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