Investors looking for exposure to Bitcoin can run out of time to buy below the six-figure price, as US Treasury purchases can signal to the next leg for the first cryptocurrency in the world.
This could be the “last chance” to buy bitcoin (Btc) Below the $ 100,000 mark, according to Arthur Hayes, Bitmex’s co-founder and chief Maelstrom investment official.
“Serious Fam, this may be the last time you need to buy $ BTC <$ 100k," Hayes said in an April 21 x Post.
Treasury purchases refer to the US Treasury Department that re -purchase remaining bonds from the open market to increase liquidity, manage federal debt or stabilize interest rates.
These operations can injection liquidity in the financial system, which often benefits risk assets such as Bitcoin.
Related: Bitcoin up to 33% since 2024 stops as institutions distract the twist
Other analysts predicted the growth of Fiat’s currency supply would be Bitcoin’s main catalyst in 2025.
Growing money supply can be pushed Bitcoin price above $ 132,000 Before the end of the year, according to Jamie Coutts, chief crypto analyst in Real Vision.
However, concerns over the global trade war may limit the investor’s appetite until The US and China have reached A trade agreement amid continuous increases.
Related: Metaplanet leads $ 400m Bitcoin handling with a new purchase of $ 28M
The US dollar is sinking in 2022 low, Bitcoin gets momentum
Bitcoin prices can easily rise above $ 87,700 in the first time in nearly three weeks, since US President Donald Trump announced Reciprocal Importing Tariffs on April 2.
“It looks like Bitcoin is pumping on the continued weakness of the dollar,” write André Dragosch, the European research leader in Bitwise, added that the US dollar index has “only touched the lowest level since March 2022.”
The weakening US dollar can boost Bitcoin’s appeal as a safe property Ryan Lee, chief analyst in Bitget Research, told Cointelegraph, added:
“Strong volume and technical confirmation from a descending wedge breakout suggests a potential test of $ 90,000 objection, with macro factors such as a weak dollar and increasing golden touch that strengthens BTC’s appeal as a fence.”
Despite the recent correction, Japanese and The investment companies based in the UK is investing hundreds of million in Bitcoin, the sign of the ongoing institutional adoption that can accelerate the four-year cycle of Bitcoin.
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This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
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