has made a bullish case for Bitcoin as he alluded to that could soon play out in the flagship crypto’s favor. In line with this, he urged Bitcoin investors to take action with a parabolic surge on the horizon.
An Imminent Quantitative Easing Would Be Good For Bitcoin
Van de Poppe in an X (formerly Twitter) post that Bitcoin will rise on the back of a Quantitative Easing (QE), which he anticipates is “close.” He noted that has already started to “unwind Treasury buybacks and is reducing QT [Quantitative Tightening].” He claims this is happening because the has worsened, which puts the US at risk of a recession.
Therefore, the Fed seeks to avoid this recession by buying back and injecting liquidity into the financial system. As the crypto expert predicts, this could be good since it will force the Fed to take a more dovish stance and possibly lower interest rates, boosting to go all in on risk assets like Bitcoin.
Van de Popper further predicts that this Quantitative Easing will become evident in the data released in the coming months. In line with this, he advised investors to long Bitcoin. It is worth noting that Bitcoin dropped to as low as $57,000 ahead of the latest FOMC meeting, with many investors seeming to have anticipated a hawkish stance from the Fed.
However, as the crypto expert , the rates remain unchanged, and Fed Chair Jerome Powell raised the possibility of a rate cut as early as June. Given Bitcoin’s price recovery since then, this development looks to have already revived a bullish sentiment among investors.
What To Expect Going Forward
In another , Van de Popper revealed his expectations for the crypto market going forward. He stated that Bitcoin will consolidate and go sideways (possibly ahead of the QE which will boost its price in the coming months. Meanwhile, he also expects to “heavily outperform and rotation kicks in.”
The crypto expert had previously echoed a similar sentiment when he stated that he expects altcoins to bounce in their Bitcoin pairs while Bitcoin faces a that he doesn’t expect to change in the “coming months.”
Back then, he also mentioned that there would be a narrative shift to , and he reaffirmed this belief in a more recent , stating that he expects a lot from the second-largest crypto token by market cap.
At the time of writing, Bitcoin is trading at around $59,100, up over 2% in the last 24 hours, according to from CoinMarketCap.
BTC bulls reclaim control of price | Source:
