Bitcoin eyes run up toward $40K as Fed goes quasi-QE.
An expanding balance sheet — with or without QE — has proven bullish for Bitcoin in the past. This correlation will continue if the banking crisis deepens, according to Stack Hodler, the author of crypto-focused Stack Macro newsletter."BTFP, Swap Lines, TPI - It's All QE," the analyst"It all leads to balance sheet expansion and fiat currency dilution despite plenty of Central Bank fans that will tell you otherwise.
From a technical perspective, Bitcoin price is well-positioned for a run-up toward $40,000 by June, or 50% higher from today's price.As illustrated above, the upside target originates from Bitcoin'sThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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