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The central banks’ quantitative easing policy and halving will be a powerful catalyst for bitcoin’s uptrend. This was stated by an early cryptocurrency investor, Charlie Shrem, Cointelegraph writes.
The businessman believes that excess money from US residents. USA Due to helicopter money and unemployment benefits that you don’t have time to spend sitting at home you will finally end up in the cryptocurrency market.
Coinbase, by the way, partially confirmed this theory. According to the latest data from the site, part of US citizens sent a one-time payment of $ 1,200 received from the government to buy cryptocurrencies.
Lowering miners’ pay, according to Charlie Shrem, will cut sales pressure in half, favorably affecting bitcoin’s price.
“Halving during the coronavirus epidemic is crazy, a real black swan” – he noticed.
However, the effect will not be instantaneous, Shrem cautioned and drew parallels with the halving of 2016, which did not trigger an instant price surge, but set the stage for a powerful bull rally in late 2017. So, the The next bulran should not be expected until 2021, the businessman concluded.
Previously, a member of the board of directors of the Bitcoin Foundation, Bobby Lee also said that the halving will positively affect the price of bitcoin, because it is the main investment tool among digital assets.
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