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Analyst forecast
According to his “optimistic” forecast for the next 12 months, more bank failures are ahead and the Fed will return to lowering the rate and quantitative easing (Quantitative Easing, or QE).
Quantitative easing involves buying bonds on the open market to stimulate the economy through near-free liquidity.
Against this background, the bitcoin rate will grow, Selkis believes. In a year, it will exceed $100,000, as it will be considered by investors as the best solution in the current situation. And major market players will invest in the first cryptocurrency faster than regulators can prevent it.
Read: Bitcoin soared to a 9-month high and provoked the liquidation of transactions for more than $ 150 million
“The main thing is to thread the needle so that companies have the opportunity to buy and protect it (Bitcoin) along with us,” Selkis said.
Recall
At the end of 2021, Messari released a report on what awaits the cryptocurrency market in 2022. Analysts wrote that the situation in the “real” world will get worse before it gets better, and the market is waiting for a “crypto winter” ahead.
The report also stated that crypto companies will begin to be increasingly censored by Western technology and banking platforms in the face of the policy of suppressing cryptocurrencies, which is pursued by the administration of US President Joe Biden.