“Reduced inflationary pressure in the US and increasing expectations of softer monetary policy by the Fed create a positive background for cryptocurrency. This opinion was expressed by the BRN leader Valentin Furnier in the commentary. “As inflation approaches the target Fed in 2%, the expectations of multiple rates are increased. This can lead to a new wave of infusion of liquidity, which will benefit alternative risk assets such as cryptocurrencies, more than shares, […]”, – WRITE: Businessua.com.ua
Reduced inflationary pressure in the United States and increasing expectations of softer monetary policy on the outside Fed Create a positive background for cryptocurrency. This opinion in a comment The Block has expressed the leader BRN analyst Valentin Furnier.
“As inflation approaches the target Fed in 2%, the expectations of multiple rates are increased. This can lead to a new wave of liquidity infusion, which will benefit alternative risky assets such as cryptocurrency, more than shares that may be difficult in slowing down the economy, ”the expert said.
He noted that the Wall Street was already responding to these expectations. April 30, on the day of publication of the index report PCE$ 56 million from Bitcoin-ETF was observed. The next day – a pure inflow of $ 442.5 million.
Source: Sosovalue.
Furnier believes that nowadays interest in bitcoin funds is supported not so much by the redistribution of capital as at the price:
“However, pure tides in ETF have slowed over the last week, which indicates the possible completion of the distribution phase, and the current tides are now determined by price dynamics.”
Recall that the analyst and founder of MN Trading Michael Van de Poppe pointed to the growing potential for the digital asset market – against the background of reduction of rates, weakening of the dollar, the fall of gold, the growth of NASDAQ and pressure on the Fed.
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