In the latest episode of Cointelegraph market talksHost Ray Salmond talks to Jamie Coutts, chartered market technician and cryptocurrency market analyst at Bloomberg Intelligence.
When asked whether price movements around Bitcoin’s halving would differ from previous cycles due to changes in global monetary policy, Coutts said:
“I’ve been writing about this for most of the year. We do have some strong fundamentals in the space, but ultimately what’s driving risk assets is liquidity. The longer we have a tightening cycle, if we start to see Rising unemployment and more stress on the banking sector, risk assets like Bitcoin could suffer even more.”
related: The future of BTC mining and the Bitcoin halving
Despite the bleak macroeconomic outlook, Gutz does recommend:
“We may be nearing the end of this. There’s still a lot of underlying stress in the U.S. banking system and other parts of the economy. I think this is different than any other Bitcoin cycle we’ve seen, but ultimately, people need to remember that we live In a monetary system that is based on fiat and fiat currencies, and a return to some form of easing is inevitable because essentially the system cannot handle long-term deflation. So when things start to recover, it’s still going to be Bitcoin , and to some extent, cryptoassets that can control their inflation schedule will do well.”
To learn more about Coutt’s thoughts on macro, Bitcoin, Ethereum, altcoins, and stablecoins, listen to the full episode market talks in new Cointelegraph Markets & Research YouTube Channel. Also, don’t forget to click Like and Subscribe to stay up to date with all our latest content.
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