“Whereas the Fed has pushed out the primary price lower to (presumably in) Might or June, inflation is coming in decrease, and development is holding up,” stated Thielen in his Friday report. He additionally took notice of the U.S. presidential election cycles which coincide with the Bitcoin halving years as traditionally being bullish for costs. Particularly, bitcoin gained 152% in 2012, 121% in 2016 and 302% in 2020, or a mean of 192%.
