Accessing The Risks of BTC
~ Sensitive to US interest rates
~ Correlation to SPX
(Is BTC a measure of Global GDP?)
~ Communist Objectives
(Finding solution to overthrow USD?)
~ Regulations
~ Global Adoption
~ Sensitive to US interest rates
~ Correlation to SPX
(Is BTC a measure of Global GDP?)
~ Communist Objectives
(Finding solution to overthrow USD?)
~ Regulations
~ Global Adoption
Note
Price Target: $57,000Frame: (Dec. 2022 - Feb. 2023)
Case:
BTC will continue to trade similar to SPX for the duration of 2022. As the FOMC is set to rate hikes (50bps) in the summer, the expectation is the summer hikes will position the Federal Reserve to take a dovish approach on rate hikes into second half of the year giving room for short-term lose (relatively) financial conditions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.