{"id":388735,"date":"2019-07-04T18:00:05","date_gmt":"2019-07-04T18:00:05","guid":{"rendered":"https:\/\/uniquehot.com\/?p=388735"},"modified":"2024-06-11T17:31:35","modified_gmt":"2024-06-11T17:31:35","slug":"bitcoin-btc-in-a-pole-position-to-soar-after-trumps-recent-remarks","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-btc-in-a-pole-position-to-soar-after-trumps-recent-remarks\/","title":{"rendered":"Bitcoin (BTC) In A Pole Position To Soar After Trump\u2019s Recent Remarks"},"content":{"rendered":"
Because of Trump\u2019s pressure on the Federal Reserve, the central bank could end up cutting interest rates. According to Pompliano, such a lax monetary policy could see capital flow to Bitcoin. In turn that will lift prices toward $100,000 by 2021.<\/em><\/p>\n There is a direct correlation between Bitcoin price expansion and global economic turmoil. A slip in the latter causes a sporadic rise in the other, and there is evidence.<\/p>\n With different jurisdictions applying different monetary policies fitting for the stability of their economy and fiat currencies, President Trump<\/a> is concerned about the US position when it comes to protecting the greenback.<\/p>\n While the USD is a reserve currency<\/a> influenced mostly by supply-demand forces, he claims otherwise for the Euro and the Chinese Yuan.<\/p>\n In a tweet, he calls for the US to \u201cmatch the currency manipulation<\/a> game\u201d:<\/p>\n \u201cChina and Europe playing big currency manipulation game and pumping money into their system in order to compete with the USA. We should MATCH, or continue being the dummies who sit back and politely watch as other countries continue to play their games – as they have for many years.\u201d<\/p><\/blockquote>\n No doubt, should there be punitive tariffs imposed on the EU while the Federal Reserve<\/a> slash fund rates, Bitcoin stands to gain as a safe haven. If anything, that would be the perfect primer for a bullish run that could see the asset blast to $100,000 by 2021 as per Pompliano projection<\/a>:<\/p>\n \u201cIn August of last year, I predicted Bitcoin would go down to $3,000 before returning to $10,000. It essentially did that […] now I think it\u2019s going to $100,000, but […] there will be more volatility: there will be parabolic runs like we saw in June and then there will be 20-30 percent drawdowns from that.\u201d<\/p><\/blockquote>\n <\/p>\nBitcoin Price Analysis<\/h2>\n
Fundamentals<\/h3>\n
Candlestick Arrangement<\/h3>\n