NEW YORK / LONDON (IT BOLTWISE) – The financial world is turning upside down as the price of Bitcoin skyrockets and Wall Street prepares for a possible policy change from the Federal Reserve. Experts warn of an impending financial crisis as the Federal Reserve may end its quantitative tightening policy. These developments could drive the Bitcoin price further higher.
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Financial markets are in turmoil as Bitcoin price has staged an impressive rally in recent weeks. The trigger for this movement is, among other things, Elon Musk’s statements, which caused unrest among investors. At the same time, experts are warning of an impending financial crisis that could shake the US dollar and global markets.
The US central bank, the Federal Reserve, is at the center of these developments. Analysts at JPMorgan and Bank of America expect the Fed could end its quantitative tightening policy soon. This measure, in effect since 2022, has reduced the Fed’s balance sheet from around $9 trillion to $6.6 trillion. A reversal of this policy could lead to a renewed flood of liquidity in the markets.
Changpeng Zhao, the founder of Binance, recently made a bold prediction that the price of Bitcoin could rise to as much as $1 million if the Fed loosens its monetary policy. This sentiment is shared by many in the crypto community, who see Bitcoin as a hedge against the debasement of fiat currencies.
The cryptocurrency market could benefit significantly from such a development as investors look for alternatives to traditional asset classes. The combination of low interest rates and increased liquidity could further fuel appetite for riskier assets like Bitcoin. The coming months will show whether the Fed actually changes course and what impact this will have on the financial markets.
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