Will the global markets falling out of control, will Bitcoin finally fulfill its role as a coverage? Is that a good time to invest in Bitcoin?
The CEO and co-founder of Quantum Economics Mati Greenspan and Trader Michaël Van de Poppe discuss how the Fed strategy of “Qe à Infinity” will help Bitcoin to finally become a safe refuge. But is it time to buy or should you wait for other drops? Watch the full video to find out!
Bitcoin key level
In an article for Cintelelegraph, Michaël identified $ 6,800 to $ 6,900 as the key level to monitor. Unless Bitcoin can unravel this level, it is not very optimistic about ascending movements:
“Until we do not do this, I expect comments from the comments, just pure technical levels.”
Mati also looks at these levels, but it focuses more in the long term than the short term:
“So, first of all, I only have bitcoin bitcoin scenarios. Yes, I would say that 6800 is a key level that was played before … I would say that overall, I mean, we are looking for a very wide range for Bitcoin, something between $ 3,100 and $ 20,000.”
Why “Qe to the infinity” is optimistic for bitcoin
The Fed recently received Greenlight to print as much money as necessary to stabilize the American economy. Michaël explained how it could lead to two scenarios that would take advantage of both Bitcoin:
“So what you want to see at some point is that investors are lacking in the dollar given inflation or deflation, and start to look for other assets that are gold, silver, platinum and bitcoin. We saw in ’09 to 2011 with gold.
Mati continued the comparison of Michaël de Bitcoin to gold in the post-2008 era:
“If you look at this and the consequences of the financial crisis, which was, really like Michaël, 2009, 2011, 2012. It was at this time that Gold really took the stage … He increased from $ 2,000 per Once by 2011, 2012.”
“And I think gold, once again, has already shown us incredible resilience since the beginning of the year. And I say that if it has increased or decreased during the crisis because it was fluctuating, but it certainly did not take a blow like actions, it more or less held its value at that time. And I think Bitcoin will also be seen as this type of esset.”
But the question remains: is the time to invest now or is there more slowdown to plan? Watch the full video to make sure you don’t miss the suggestions of Mati and Michaël!
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