Investment Advice from the Analyst: This Opportunity Is Not To Be Missed In Bitcoin (BTC)!
The senior analyst made striking statements about Bitcoin (BTC) and other cryptocurrencies. The fall may deepen!
The Decline in Cryptocurrencies May Deepen
I believe the decline in cryptocurrencies will deepen not only after the short-term correction on August 15, but also after the wider bear market correction and tougher monetary policy following Jerome Powell's last speech .
However , with the policy implemented by the Federal Reserve , even if it hurts the markets in the short term, he said that he did what he had to do by curbing inflation and said:
I have to be honest, I know most of us have a negative view of the Federal Reserve. But the Fed is doing exactly what it's supposed to do from a monetary policy perspective. It raises interest rates and considers small reductions in the balance. I would even say a 100 basis point move would be the best the FED could do… It would be best to be in shock and awe, basically putting the economy in a temporary slump, cooling down consumer demand in the short term and bringing us back into balance.
Buying Opportunity for Bitcoin
However, the analyst said that the price drop caused by the actions of the Fed and the current bear season presents a pretty good opportunity to buy Bitcoin (BTC) and Ethereum (ETH), the leading cryptocurrency:
The good news is that we have a chance to see Bitcoin and Ethereum, as well as various cryptocurrencies, bounce back to bear market lows and drop further. In this case it gives us some really great entry points.
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