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 worth motion may differ from earlier cycles as a consequence of a change in international financial coverage, Coutts stated:
“I’ve been writing about this for a lot of the 12 months. We do have some sturdy fundamentals within the area, however in the end, what drives danger belongings is liquidity. The longer that we’ve 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 belongings like Bitcoin.”
Associated: The future of BTC mining and the Bitcoin halving
Regardless of the dim macroeconomic outlook, Coutts did recommend:
“We might be close to the top. There’s nonetheless lots of underlying stress within the U.S. banking system and different areas of the financial system. I feel that is considerably completely different to some other Bitcoin cycle that we’ve seen, however in the end, folks might want to understand 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 not deal with lengthy durations of deflation. So, it’s nonetheless Bitcoin, and to some extent, crypto belongings which have management of their inflation schedules that can 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 & Research YouTube channel. Additionally, don’t neglect to click on “Like” and “Subscribe” to maintain up-to-date with all our newest content material.
