Arthur Hais commented on the conditions for bitcoin growth to $ 100 thousand.

The co -founder of the BitMEX exchange Arthur Hais spoke about the situation in the cryptocurrency market. According to the expert, now the investors have a chance to purchase bitcoin while digital gold is traded below the level of $ 100 thousand. It was emphasized that soon the return of the treasury bonds from the US Department of Finance should take place. This can at a certain moment increase the liquidity of the market, which will result in the growth of bitcoin.

Some analysts note: an increase in the supply of fiat money will be one of the key drivers for the digital asset segment this year. According to the Real Vision employee James Coutts, the expansion of the money supply can contribute to the growth of bitcoin up to $ 132 thousand. However, there are concerns regarding the global trade confrontation between the United States and China. Such can limit the interest of investors in digital assets.

However, even in such difficult conditions bitcoin demonstrates stability. During the auction on April 21 at the Asian session, quotes increased sharply to $ 87,700. Experts agree that the main digital coin strengthens their positions due to the current weakness of the dollar. This was precisely contributed to the trade confrontation, which was initiated by the Donald Trump administration.

The fears also caused rumors that soon Jerome Powell could leave the post of Fed. The US President’s team officially did not confirm this information, but did not refute.

Experts note that the departure of the head of the Federal Reserve in such a difficult period can cause even greater damage to the positions of the dollar.

At the same time, there are no prerequisites for the confrontation between the United States and the PRC to be eliminated in the foreseeable future. It is possible that it can greatly hit the global economy.

Author

Andrey Alexandrov