As we look ahead to what is in store for crypto markets in Q2, I still believe that “macro matters” in the sense that tighter financial conditions and slowing economic growth are serious headwinds. The de-leveraging and liquidity draining impact of the Fed’s policy shift will likely cap any serious rise in crypto prices, but in the face of that, there are a few fundamental and regulatory points for long term investors to be excited about. Mainly, a pro-crypto executive order from President Biden’s desk and continued signs of growth across the Bitcoin network. Whereby bitcoin simply does better during periods of monetary stimulus and economic expansion. (A dramatically different environment than the present.) If we can get the direction of growth and policy right, there is a higher probability we can get the trend of bitcoin’s price right too. So we can see that there is a big opportunity for bull run and there is also a good prospect for long-term investments in terms of buying the asset as an investment.
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.