Summary
- Famous investor Dan Tapiero stated that the Fed's easing could be a catalyst for further gains in the cryptocurrency market.
- Tapiero predicted that if Fed Chairman Jerome Powell changes his stance, the digital asset market, including Bitcoin, will surge.
- He projected that Bitcoin's price could rise to $180,000.
As the cryptocurrency market rebounded last week, the community's expectations for further gains are growing. Some suggest that signals of easing from the Federal Reserve (Fed) could be a catalyst for additional upward momentum.
According to The Daily Hodl, a cryptocurrency-focused media outlet, on the 11th (local time), famous investor Dan Tapiero stated on his YouTube channel, "Digital assets need the help of monetary policy to achieve true success," adding, "Although Jerome Powell, the Fed Chairman, is not currently looking to ease, if he changes his stance, I believe the cryptocurrency market, including Bitcoin (BTC), will surge further."
He explained that if the Fed's fiscal tightening eases, it would have a positive effect in terms of liquidity. Tapiero argued, "Monetary policy is needed to prevent the economy from becoming overly constrained in terms of liquidity and demand," and stated, "It's time for Powell to take action."
He further predicted, "If all conditions are met, Bitcoin could rise to $180,000."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
