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A popular crypto analyst claims that the final quarter of the year could bring an uptick to the digital asset market.
In a new discussion with fellow analysts Benjamin Cowen and Mike at Digital Asset News, the host of InvestAnswers says many fundamental catalysts in favor of Bitcoin are currently stacking up (Bitcoin) and the crypto market.
Inflation is coming down. you will get results.
The market is definitely bottoming out. [For the S&P 500], the base of the floor is 3,500 points, and my view is to add 4,800 points within 6-12 months. And there’s a ton of cash on the sidelines. $3 trillion waiting to be deployed…
when the war is over [between Russia and Ukraine]it becomes a game… As for the Fed, they talk big and gut a lot of jaws, but do they bite?
After the UK flashed this week and Germany printed, we’re seeing the credit markets reel as we see them now. It states very clearly that it will invest, which will put downward pressure on the DXY (US dollar index) and hopefully help some of the other emerging market currencies.
Crypto analysts have historically seen Q4 as generally bullish for the market, and this year will likely be a repeat.
“I know Q4 is going to be good. October is often called ‘Uptober’ or ‘Moonbember’ and there are all these different names out there. I expect good things.” Especially seeing how the domestic currency is being crushed, people are looking for hedges. It’s going to take some time, but deploying 1% or 2% of assets has a big impact on Bitcoin, so I think Q4 will do well from here.
Me
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