The Macroeconomic Shifts A Catalyst Given Chance For Bitcoin And The Cryptocurrency Market To Move Upside
Seems there is a catalyst which will influence the upside for bitcoin and the cryptocurrency market in general as a widely known economist whom goes by the name Alex Krüger as he says the crypto market is about to enter the next phase. In the live session he continued by saying that equities like S & P 500 will be trading within a range giving chance to bitcoin and the cryptocurrency market to move to the upside.
Alex says that he is, [predicting a black swan event is] getting into crystal balling territory. I can’t make the forecast. So that’s basically based on that, my ignorance. As to what’s going to happen in that regard, I think that it’s most likely that equities stay range-bound, capped by interest rates.
On a historical basis, comparing equities with rates and real rates, they are actually quite high. It’s definitely a headwind. To me, that means range-bound and basically almost no upside on equities. What Bitcoin has, what crypto has, [are these] idiosyncratic variables that can truly, just for brief periods, make it completely de-correlate and go ballistic either way, up or down. I’m thinking up
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