Quantitative Easing Boost
Crypto expert Michaël van de Poppe believes Bitcoin is poised for a surge due to upcoming macroeconomic factors. He anticipates the Federal Reserve (Fed) will soon implement Quantitative Easing (QE), which involves buying back government bonds and increasing liquidity in the financial system. This move is expected to lower interest rates and boost investor confidence in risk assets like Bitcoin.
Bitcoin Consolidation and Altcoin Outperformance
Van de Poppe predicts Bitcoin will consolidate in the short term before the QE boost. During this period, he expects altcoins to outperform Bitcoin. He previously suggested a narrative shift towards Ethereum, which he believes will benefit from the consolidation period.
Investor Action
Van de Poppe urges Bitcoin investors to take action and buy now, as he anticipates a parabolic surge in the future. He believes the Fed’s recent actions and statements indicate a dovish stance and a possible rate cut in June. This development has already boosted bullish sentiment among investors.
Current Market
At the time of writing, Bitcoin is trading around $59,100, up over 2% in the last 24 hours.
