{"id":558348,"date":"2023-10-31T08:30:04","date_gmt":"2023-10-31T08:30:04","guid":{"rendered":"https:\/\/wncen.com\/?p=558348"},"modified":"2024-06-11T14:30:36","modified_gmt":"2024-06-11T14:30:36","slug":"bitcoin-price-skyrocket-like-march","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-skyrocket-like-march\/","title":{"rendered":"Bitcoin Price Could Skyrocket Like In March If This Happens: Expert"},"content":{"rendered":"

In a recent post on X (formerly Twitter), Ram Ahluwalia, the CEO of Lumida Wealth, weighed in on the potential market impacts on Bitcoin, particularly highlighting the significance of a failed Treasury auction. Lumida Wealth, recognized as an SEC registered investment advisor, is known for its specialization in alternative investments and digital assets.<\/p>\n

Ahluwalia’s tweet<\/a> emphasized the need to monitor Bitcoin’s response to specific macroeconomic events. He stated, “The test for Bitcoin as a macro asset will be \u2018What happens if there is a failed Treasury auction?\u2019 This year, Bitcoin rallied during (1) the March bank failures and (2) as Treasury rates have rattled markets. Here is the third test \u2026\u201d<\/p>\n

Will Bitcoin See Another 50%+ Rally?<\/h2>\n

To recall, Bitcoin’s price shot up by over 55% in the aftermath of the US banking crisis earlier this year. On March 10, 2023, the Silicon Valley Bank’s unprecedented collapse<\/a>, attributed to a bank run coupled with a capital crisis, became a focal point of the broader 2023 United States banking crisis. This saw a domino effect with multiple small to mid-sized US banks falling within a span of five days. While the global banking sector stocks plummeted, Bitcoin experienced a substantial surge in its value.<\/p>\n

Related Reading: This Chart Makes It Clear: Bitcoin Is Bullish<\/a><\/div>\n

More recently, Bitcoin is rallying even as treasury rates continue to unsettle global markets. With the 10-year US Treasury yield crossing the 5% mark for the first time in 16 years, there are indications of rising interest rates on government bonds. Typically, such yield increments may push investors to reconfigure their portfolios away from risk assets, adding to market volatility. However, akin<\/a> to gold, Bitcoin has recently been acting as a safe-haven asset in turbulent times.<\/p>\n

Diving deeper into the topic, Ahluwalia elucidated, \u201cThe Bitcoin rally, in part, is due to concerns that the Federal Reserve may need to intervene with Yield Curve Control or QE. […] Fidelity makes the case that the Fed may need to engage in Japanese style Yield Curve Control. If so, that would be strongly bullish for real estate, stocks, Bitcoin, bonds, REITs, TIPS and real assets more generally. It would also be bearish for the USD. The US has hard choices ahead.” He further emphasized the importance of structuring portfolios to withstand potential economic shocks and underscored the importance of commodities in weathering inflationary pressures.<\/p>\n

Ahluwalia shared his perspective on the current state of the Federal Reserve and the Treasury markets, pointing to recent Treasury auctions that displayed softer bid-to-cover ratios. “There is a legitimate argument that the Fed may need to intervene in Treasury markets. The recent Treasury auctions have weaker bid-to-cover ratios. Japan and American households are the marginal buyer\u2026and they\u2019ve been rewarded with losses,” Ahluwalia remarked.<\/p>\n

\"Post-pandemic
Post-pandemic debt dynamics | Source: X @ramahluwalia<\/figcaption><\/figure>\n

Three Peat For BTC As Safe-Haven<\/h2>\n

He added that the Fed\u2019s balance sheet “is already upside down […] it has the equivalent of negative equity (called a Deferred Asset) – an accounting treatment that is not permitted for private companies… The Federal Reserve…has $1.5 trillion mark-to-market losses because it bought Treasuries & MBS. For the first time in 107 years, this bank has negative net interest margin. Its losses are poised to exceed its capital base.”<\/p>\n

Related Reading: Bitcoin Price Poised For Another Surge Like Last Week: Here\u2019s Why<\/a><\/div>\n

Ahluwalia explained that a treasury auction is deemed unsuccessful when the US Department of the Treasury initiates its regular auctioning of government securities, such as Treasury bills, notes, or bonds, but fails to attract adequate bids to cover the entirety of the securities on offer. Essentially, this signals a lack of investor interest in acquiring the government’s debt tools at the predetermined interest rates or yields.<\/p>\n

On Bitcoin’s intrinsic value, Ahluwalia noted, “My view on Bitcoin is that it is a \u2018hedge against negative real rates\u2019. That\u2019s CFA talk for what Bitcoiners refer to colloquially as \u2018money printer go brrr\u2019.” He also stressed the potential repercussions on risk assets if long-end rates were to see a significant spike.<\/p>\n

“If long-end rates do blow out, that would hurt risk assets like long-duration Treasuries. The higher discount rate would cause a re-rating in stocks – much like we saw in 2022 and the last two months. However, If Bitcoin can rally during a \u2018yield curve dislocation scenario that would give Bitcoin a \u2018three peat\u2019. Bitcoin would then find a welcome home on a greater number of institutional balance sheets,” Ahluwalia concluded his bullish thesis for Bitcoin.<\/p>\n

At press time, BTC traded at $34,145.<\/p>\n

\"Bitcoin
Bitcoin price formed a bull pennant, 1-day chart | Source: BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
Featured image from Shutterstock, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

In a recent post on X (formerly Twitter), Ram Ahluwalia, the CEO of Lumida Wealth, weighed in on the potential market impacts on Bitcoin, particularly highlighting the significance of a failed Treasury auction. Lumida Wealth, recognized as an SEC registered investment advisor, is known for its specialization in alternative investments and digital assets. Ahluwalia’s tweet emphasized the need to monitor Bitcoin’s response to specific macroeconomic events. He stated, “The test for Bitcoin as a macro asset will be \u2018What happens if there is a failed Treasury auction?\u2019 This year, Bitcoin rallied during (1) the March bank failures and (2) as Treasury rates have rattled markets. Here is the third test \u2026\u201d Will Bitcoin See Another 50%+ Rally? To recall, Bitcoin’s price shot up by over 55% in the aftermath of the US banking crisis earlier this year. On March 10, 2023, the Silicon Valley Bank’s unprecedented collapse, attributed to a bank run coupled with a capital crisis, became a focal point of the broader 2023 United States banking crisis. This saw a domino effect with multiple small to mid-sized US banks falling within a span of five days. While the global banking sector stocks plummeted, Bitcoin experienced a substantial surge in its value. Related Reading: This Chart Makes It Clear: Bitcoin Is Bullish More recently, Bitcoin is rallying even as treasury rates continue to unsettle global markets. With the 10-year US Treasury yield crossing the 5% mark for the first time in 16 years, there are indications of rising interest rates on government bonds. Typically, such yield increments may push investors to reconfigure their portfolios away from risk assets, adding to market volatility. However, akin to gold, Bitcoin has recently been acting as a safe-haven asset in turbulent times. Diving deeper into the topic, Ahluwalia elucidated, \u201cThe Bitcoin rally, in part, is due to concerns that the Federal Reserve may need to intervene with Yield Curve Control or QE. […] Fidelity makes the case that the Fed may need to engage in Japanese style Yield Curve Control. If so, that would be strongly bullish for real estate, stocks, Bitcoin, bonds, REITs, TIPS and real assets more generally. It would also be bearish for the USD. The US has hard choices ahead.” He further emphasized the importance of structuring portfolios to withstand potential economic shocks and underscored the importance of commodities in weathering inflationary pressures. Ahluwalia shared his perspective on the current state of the Federal Reserve and the Treasury markets, pointing to recent Treasury auctions that displayed softer bid-to-cover ratios. “There is a legitimate argument that the Fed may need to intervene in Treasury markets. The recent Treasury auctions have weaker bid-to-cover ratios. Japan and American households are the marginal buyer\u2026and they\u2019ve been rewarded with losses,” Ahluwalia remarked. Three Peat For BTC As Safe-Haven He added that the Fed\u2019s balance sheet “is already upside down […] it has the equivalent of negative equity (called a Deferred Asset) – an accounting treatment that is not permitted for private companies… The Federal Reserve…has $1.5 trillion mark-to-market losses because it bought Treasuries & MBS. For the first time in 107 years, this bank has negative net interest margin. Its losses are poised to exceed its capital base.” Related Reading: Bitcoin Price Poised For Another Surge Like Last Week: Here\u2019s Why Ahluwalia explained that a treasury auction is deemed unsuccessful when the US Department of the Treasury initiates its regular auctioning of government securities, such as Treasury bills, notes, or bonds, but fails to attract adequate bids to cover the entirety of the securities on offer. Essentially, this signals a lack of investor interest in acquiring the government’s debt tools at the predetermined interest rates or yields. On Bitcoin’s intrinsic value, Ahluwalia noted, “My view on Bitcoin is that it is a \u2018hedge against negative real rates\u2019. That\u2019s CFA talk for what Bitcoiners refer to colloquially as \u2018money printer go brrr\u2019.” He also stressed the potential repercussions on risk assets if long-end rates were to see a significant spike. “If long-end rates do blow out, that would hurt risk assets like long-duration Treasuries. The higher discount rate would cause a re-rating in stocks – much like we saw in 2022 and the last two months. However, If Bitcoin can rally during a \u2018yield curve dislocation scenario that would give Bitcoin a \u2018three peat\u2019. Bitcoin would then find a welcome home on a greater number of institutional balance sheets,” Ahluwalia concluded his bullish thesis for Bitcoin. At press time, BTC traded at $34,145. Featured image from Shutterstock, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":558355,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[87982,428,679,1119,1144,2007,89751,89750],"class_list":["post-558348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-banking-crisis","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btcusd","tag-fed","tag-treasury-auction","tag-ycc"],"acf":[],"yoast_head":"\nBitcoin Price Could Skyrocket Like In March If This Happens<\/title>\n<meta name=\"description\" content=\"Ram Ahluwalia weighed in on the potential market impacts on Bitcoin, highlighting the significance of a failed Treasury auction.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/bitcoin-price-skyrocket-like-march\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Could Skyrocket Like In March If This Happens\" \/>\n<meta property=\"og:description\" content=\"Ram Ahluwalia weighed in on the potential market impacts on Bitcoin, highlighting the significance of a failed Treasury auction.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin-price-skyrocket-like-march\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-31T08:30:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T14:30:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/space-shuttle-in-sky-with-stars-and-clouds-rocket-in-deep-space-scifi-picture-id1360144430-2.jpg?fit=1280%2C720\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jake Simmons\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/realJakeSimmons\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jake Simmons\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-price-skyrocket-like-march\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-price-skyrocket-like-march\/\"},\"author\":{\"name\":\"Jake Simmons\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\"},\"headline\":\"Bitcoin Price Could Skyrocket Like In March If This Happens: Expert\",\"datePublished\":\"2023-10-31T08:30:04+00:00\",\"dateModified\":\"2024-06-11T14:30:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-price-skyrocket-like-march\/\"},\"wordCount\":796,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-price-skyrocket-like-march\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/space-shuttle-in-sky-with-stars-and-clouds-rocket-in-deep-space-scifi-picture-id1360144430-2.jpg?fit=1280%2C720\",\"keywords\":[\"banking crisis\",\"bitcoin\",\"bitcoin price\",\"btc\",\"btcusd\",\"fed\",\"Treasury auction\",\"YCC\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-price-skyrocket-like-march\/\",\"url\":\"https:\/\/wncen.com\/news\/bitcoin-price-skyrocket-like-march\/\",\"name\":\"Bitcoin Price Could Skyrocket Like In March If This Happens\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-price-skyrocket-like-march\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-price-skyrocket-like-march\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/space-shuttle-in-sky-with-stars-and-clouds-rocket-in-deep-space-scifi-picture-id1360144430-2.jpg?fit=1280%2C720\",\"datePublished\":\"2023-10-31T08:30:04+00:00\",\"dateModified\":\"2024-06-11T14:30:36+00:00\",\"description\":\"Ram Ahluwalia weighed in on the potential market impacts on Bitcoin, highlighting the significance of a failed Treasury auction.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-price-skyrocket-like-march\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-price-skyrocket-like-march\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-price-skyrocket-like-march\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/space-shuttle-in-sky-with-stars-and-clouds-rocket-in-deep-space-scifi-picture-id1360144430-2.jpg?fit=1280%2C720\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/space-shuttle-in-sky-with-stars-and-clouds-rocket-in-deep-space-scifi-picture-id1360144430-2.jpg?fit=1280%2C720\",\"width\":1280,\"height\":720,\"caption\":\"Bitcoin price\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-price-skyrocket-like-march\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Price Could Skyrocket Like In March If This Happens: Expert\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\",\"name\":\"Jake Simmons\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"caption\":\"Jake Simmons\"},\"description\":\"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with wncen.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons\"],\"url\":\"https:\/\/wncen.com\/author\/marcusmisiak\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Price Could Skyrocket Like In March If This Happens","description":"Ram Ahluwalia weighed in on the potential market impacts on Bitcoin, highlighting the significance of a failed Treasury auction.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/bitcoin-price-skyrocket-like-march\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Price Could Skyrocket Like In March If This Happens","og_description":"Ram Ahluwalia weighed in on the potential market impacts on Bitcoin, highlighting the significance of a failed Treasury auction.","og_url":"https:\/\/wncen.com\/news\/bitcoin-price-skyrocket-like-march\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-10-31T08:30:04+00:00","article_modified_time":"2024-06-11T14:30:36+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/space-shuttle-in-sky-with-stars-and-clouds-rocket-in-deep-space-scifi-picture-id1360144430-2.jpg?fit=1280%2C720","type":"image\/jpeg"}],"author":"Jake Simmons","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/realJakeSimmons","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Jake Simmons","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/bitcoin-price-skyrocket-like-march\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/bitcoin-price-skyrocket-like-march\/"},"author":{"name":"Jake Simmons","@id":"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028"},"headline":"Bitcoin Price Could Skyrocket Like In March If This Happens: Expert","datePublished":"2023-10-31T08:30:04+00:00","dateModified":"2024-06-11T14:30:36+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-price-skyrocket-like-march\/"},"wordCount":796,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-price-skyrocket-like-march\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/space-shuttle-in-sky-with-stars-and-clouds-rocket-in-deep-space-scifi-picture-id1360144430-2.jpg?fit=1280%2C720","keywords":["banking crisis","bitcoin","bitcoin price","btc","btcusd","fed","Treasury auction","YCC"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/bitcoin-price-skyrocket-like-march\/","url":"https:\/\/wncen.com\/news\/bitcoin-price-skyrocket-like-march\/","name":"Bitcoin Price Could Skyrocket Like In March If This Happens","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-price-skyrocket-like-march\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-price-skyrocket-like-march\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/space-shuttle-in-sky-with-stars-and-clouds-rocket-in-deep-space-scifi-picture-id1360144430-2.jpg?fit=1280%2C720","datePublished":"2023-10-31T08:30:04+00:00","dateModified":"2024-06-11T14:30:36+00:00","description":"Ram Ahluwalia weighed in on the potential market impacts on Bitcoin, highlighting the significance of a failed Treasury auction.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/bitcoin-price-skyrocket-like-march\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/bitcoin-price-skyrocket-like-march\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/bitcoin-price-skyrocket-like-march\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/space-shuttle-in-sky-with-stars-and-clouds-rocket-in-deep-space-scifi-picture-id1360144430-2.jpg?fit=1280%2C720","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/space-shuttle-in-sky-with-stars-and-clouds-rocket-in-deep-space-scifi-picture-id1360144430-2.jpg?fit=1280%2C720","width":1280,"height":720,"caption":"Bitcoin price"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/bitcoin-price-skyrocket-like-march\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Price Could Skyrocket Like In March If This Happens: Expert"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028","name":"Jake Simmons","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","caption":"Jake Simmons"},"description":"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with wncen.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons"],"url":"https:\/\/wncen.com\/author\/marcusmisiak\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Price Could Skyrocket Like In March If This Happens: Expert","url":"http:\/\/wncen.com\/news\/bitcoin-price-skyrocket-like-march\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-price-skyrocket-like-march\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/space-shuttle-in-sky-with-stars-and-clouds-rocket-in-deep-space-scifi-picture-id1360144430-2.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/space-shuttle-in-sky-with-stars-and-clouds-rocket-in-deep-space-scifi-picture-id1360144430-2.jpg?fit=1280%2C720"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Jake Simmons"}],"creator":["Jake Simmons"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["banking crisis","bitcoin","bitcoin price","btc","btcusd","fed","treasury auction","ycc"],"dateCreated":"2023-10-31T08:30:04Z","datePublished":"2023-10-31T08:30:04Z","dateModified":"2024-06-11T14:30:36Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Could Skyrocket Like In March If This Happens: Expert\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-price-skyrocket-like-march\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-price-skyrocket-like-march\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/space-shuttle-in-sky-with-stars-and-clouds-rocket-in-deep-space-scifi-picture-id1360144430-2.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/space-shuttle-in-sky-with-stars-and-clouds-rocket-in-deep-space-scifi-picture-id1360144430-2.jpg?fit=1280%2C720\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Jake Simmons\"}],\"creator\":[\"Jake Simmons\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"banking crisis\",\"bitcoin\",\"bitcoin price\",\"btc\",\"btcusd\",\"fed\",\"treasury auction\",\"ycc\"],\"dateCreated\":\"2023-10-31T08:30:04Z\",\"datePublished\":\"2023-10-31T08:30:04Z\",\"dateModified\":\"2024-06-11T14:30:36Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/space-shuttle-in-sky-with-stars-and-clouds-rocket-in-deep-space-scifi-picture-id1360144430-2.jpg?fit=1280%2C720","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/558348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/571"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=558348"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/558348\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/558355"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=558348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=558348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=558348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}