A popular crypto analyst is making the argument that the last quarter of the year could bring rallies to the digital asset markets.
In a new discussion with fellow analysts Benjamin Cowen and Mike from Digital Asset News, the host of InvestAnswers says that a number of fundamental catalysts are currently stacked up in favor of Bitcoin (BTC) and crypto markets.
“Inflation is falling. We don’t know how fast, but we reckon with the demand destruction in place, it’s pretty fast. We’re going to get some good CPI (consumer price index) prints over the next two or three months.
Markets are definitely bottoming. [For the S&P 500], 3,500 points base for a floor, upside 4,800 points within six to 12 months is my take. And there’s tons of cash on the sidelines. $3 trillion waiting to be deployed…
If the war stopped [between Russia and Ukraine], that would be game on… In terms of the Fed, they talk a big game, they do a lot of jaw-boning, but do they have bite?
Watching the credit markets...
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