Bitcoin and Gold Could Be Boosted by This Macroeconomic Trend
Bitcoin and gold will benefit from the ongoing macroeconomic trends induced by the pandemic and lockdowns, Dan Tapiero recently postulated. Tapiero is a co-founder of 10T Holdings, DTAP Capital, Gold Bullion Int, and other firms. He is a long-time gold bull and recently begun to focus his time on the Bitcoin and digital asset space.
Commenting on how the Federal Reserve will likely keep rates low due to the commercial real estate crisis, Tapiero wrote:
This is far from the first time Tapiero has expressed his support for Bitcoin due to ongoing macroeconomic trends. He recently said on BTC’s potential to grow in this market cycle:
Not the Only One That Thinks So
He is far from the only bull on Wall Street.
Mike Novogratz, CEO of Galaxy Digital and former partner at Goldman Sachs, recently said that the Federal Reserve’s liquidity injections are poised to send Bitcoin and gold higher.
This has been echoed by Raoul Pal, former hedge fund manager and former head of hedge fund sales at Goldman Sachs. Pal is currently the CEO of Real Vision.
The investor once said that Bitcoin could be the best performing asset of at least the next two years due to its fundamental and technical trends.
Photo by Larry Teo on Unsplash Price tags: xbtusd, btcusd, btcusdt Charts from TradingView.com This Macro Factor Is Poised to Send BItcoin and Gold Flying in Tandem
Originally from Bitcoinist.com https://ift.tt/2Fvpynk
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