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Within the newest episode of Cointelegraph’s Market Talks, host Ray Salmond speaks with Jamie Coutts, a chartered market technician and crypto market analyst at Bloomberg Intelligence.
When requested whether or not Bitcoin’s (BTC) pre- and post-halving value motion might differ from earlier cycles on account of a change in international financial coverage, Coutts stated:
“I’ve been writing about this for a lot of the yr. We do have some robust fundamentals within the house, however finally, what drives danger property is liquidity. The longer that now we have this tightening cycle, and if we begin to see an uptick in unemployment and extra stress within the banking sector, then there might be a bit extra ache for danger property like Bitcoin.”
Associated: The way forward for BTC mining and the Bitcoin halving
Regardless of the dim macroeconomic outlook, Coutts did recommend:
“We might be close to the tip. There’s nonetheless a whole lot of underlying stress within the U.S. banking system and different areas of the economic system. I believe that is considerably totally different to some other Bitcoin cycle that we’ve seen, however finally, folks might want to remember that we live in a fiat and credit-money-based cash system, and inevitably, there’ll should be a return to some type of easing as a result of primarily the system can’t deal with lengthy durations of deflation. So, it’s nonetheless Bitcoin, and to some extent, crypto property which have management of their inflation schedules that may do effectively when issues begin to resume.”
To listen to extra about Coutt’s views on the macro, Bitcoin, Ethereum, altcoins and stablecoins, tune in to the complete episode of Market Talks on the brand new Cointelegraph Markets & Analysis YouTube channel. Additionally, don’t neglect to click on “Like” and “Subscribe” to maintain up-to-date with all our newest content material.
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