Crypto Expert Turns Bullish On Bitcoin, Predicts Quantitative Easing Will Begin Soon

Crypto
expert
Michaël
van
de
Poppe

has
made
a
bullish
case
for
Bitcoin
as
he
alluded
to


macroeconomic
factors

that
could
soon
play
out
in
the
flagship
crypto’s
favor.
In
line
with
this,
he
urged
Bitcoin
investors
to
take
action
with
a
parabolic
surge
on
the
horizon. 

An
Imminent
Quantitative
Easing
Would
Be
Good
For
Bitcoin

Van
de
Poppe


suggested

in
an
X
(formerly
Twitter)
post
that
Bitcoin
will
rise
on
the
back
of
a
Quantitative
Easing
(QE),
which
he
anticipates
is
“close.”
He
noted
that


the
Fed

has
already
started
to
“unwind
Treasury
buybacks
and
is
reducing
QT
[Quantitative
Tightening].”
He
claims
this
is
happening
because
the


economic
data

has
worsened,
which
puts
the
US
at
risk
of
a
recession. 

Therefore,
the
Fed
seeks
to
avoid
this
recession
by
buying
back


long-term
government
bonds

and
injecting
liquidity
into
the
financial
system.
As
the
crypto
expert
predicts,
this
could
be
good
since
it
will
force
the
Fed
to
take
a
more
dovish
stance
and
possibly
lower
interest
rates,
boosting


investors’
confidence

to
go
all
in
on
risk
assets
like
Bitcoin. 

Van
de
Popper
further
predicts
that
this
Quantitative
Easing
will
become
evident
in
the
data
released
in
the
coming
months.
In
line
with
this,
he
advised
investors
to
long
Bitcoin.
It
is
worth
noting
that
Bitcoin
dropped
to


as
low
as
$57,000

ahead
of
the
latest
FOMC
meeting,
with
many
investors
seeming
to
have
anticipated
a
hawkish
stance
from
the
Fed. 

However,
as
the
crypto
expert


noted,
the
rates
remain
unchanged,
and
Fed
Chair
Jerome
Powell
raised
the
possibility
of
a
rate
cut
as
early
as
June.
Given
Bitcoin’s
price
recovery
since
then,
this
development
looks
to
have
already
revived
a
bullish
sentiment
among
investors. 

What
To
Expect
Going
Forward

In
another


X
post,
Van
de
Popper
revealed
his
expectations
for
the
crypto
market
going
forward.
He
stated
that

Bitcoin

will
consolidate
and
go
sideways
(possibly
ahead
of
the
QE
which
will
boost
its
price
in
the
coming
months.
Meanwhile,
he
also
expects


Altcoins

to
“heavily
outperform
and
rotation
kicks
in.”

The
crypto
expert
had


previously

echoed
a
similar
sentiment
when
he
stated
that
he
expects
altcoins
to
bounce
in
their
Bitcoin
pairs
while

Bitcoin
faces
a


period
of
consolidation

that
he
doesn’t
expect
to
change
in
the
“coming
months.” 

Back
then,
he
also
mentioned
that
there
would
be
a
narrative
shift
to


Ethereum,
and
he
reaffirmed
this
belief
in
a
more
recent


X
post,
stating
that
he
expects
a
lot
from
the
second-largest
crypto
token
by
market
cap.  

At
the
time
of
writing,
Bitcoin
is
trading
at
around
$59,100,
up
over
2%
in
the
last
24
hours,
according
to


data

from
CoinMarketCap. 

BTC bulls reclaim control of price | Source: BTCUSD on Tradingview.com

Featured
image
from
Seu
Dinheiro,
chart
from
Tradingview.com

Disclaimer:
The
article
is
provided
for
educational
purposes
only.
It
does
not
represent
the
opinions
of
NewsBTC
on
whether
to
buy,
sell
or
hold
any
investments
and
naturally
investing
carries
risks.
You
are
advised
to
conduct
your
own
research
before
making
any
investment
decisions.
Use
information
provided
on
this
website
entirely
at
your
own
risk.