Within the newest episode of Cointelegraph’s Market Talks, host Ray Salmond speaks with Jamie Coutts, a chartered market technician and crypto market analyst at Bloomberg Intelligence.
When requested whether or not Bitcoin’s (BTC) pre- and post-halving worth motion might differ from earlier cycles resulting from a change in international financial coverage, Coutts mentioned:
“I’ve been writing about this for many of the 12 months. We do have some robust fundamentals within the house, however in the end, what drives threat belongings is liquidity. The longer that we have now this tightening cycle, and if we begin to see an uptick in unemployment and extra stress within the banking sector, then there might be a bit extra ache for threat belongings like Bitcoin.”
Associated: The way forward for BTC mining and the Bitcoin halving
Regardless of the dim macroeconomic outlook, Coutts did counsel:
“We might be close to the tip. There’s nonetheless loads of underlying stress within the U.S. banking system and different areas of the financial system. I believe that is considerably completely different to every other Bitcoin cycle that we’ve seen, however in the end, folks might want to remember the fact that we live in a fiat and credit-money-based cash system, and inevitably, there’ll have to be a return to some type of easing as a result of primarily the system can’t deal with lengthy intervals of deflation. So, it’s nonetheless Bitcoin, and to a point, crypto belongings which have management of their inflation schedules that can do properly when issues begin to resume.”
To listen to extra about Coutt’s views on the macro, Bitcoin, Ethereum, altcoins and stablecoins, tune in to the total episode of Market Talks on the brand new Cointelegraph Markets & Analysis YouTube channel. Additionally, don’t overlook to click on “Like” and “Subscribe” to maintain up-to-date with all our newest content material.
