In the next year and a half, the situation in the traditional banking system may have a positive impact on the price of Bitcoin, says Anthony Plompiano, founder of Morgan Creek Digital Assets. At the same time, the impact of Bitcoin on the global economic and financial system may significantly increase.
Pompiano, a popular analyst and a bright supporter of cryptocurrency , noted three factors determining the bright future of Bitcoin:
- continuing to gain momentum trade war the United States and China
- Pigeon policy of central banks
- future halving BTC .
“In the next 12-18 months, we will have an“ ideal storm ”for Bitcoin. There are a number of events that will occur simultaneously. Central Bank forced to reduce interest rates, pursuing a policy of quantitative easing (Quantitative easing, QE). All of this will lead to an ultra bullish bitcoin situation. ”
Monetary policy around the world, from the US Federal Reserve to the Bank of Japan (BOJ) and the European Central Bank (ECB) is becoming softer. There is an opinion that banks will constantly reduce rates, up to the implementation of the zero rate policy (ZIRP). Digital Gold will provide the perfect haven for investors from an impending financial crisis.
Ironically, it is the banks that will become the main initiator of the division of money and the state. Previously, the separation of church and state opened the way to religious and political freedom. Currently politically neutral, the existing monetary system could do the same for the transition to true economic freedom.
Publication date 14.06.2019
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