According to the forecasts of analysts at Matrixport, the easing of the Fed’s monetary policy will have a positive impact on the medium-term prospects for bitcoin. The largest digital currency will soar to $36,000.
The Federal Reserve’s move away from a tight monetary policy will be one of the leading drivers of the new rally.
The Matrixport report says that an important signal was that after the discount rate hike on May 3, BTC not only did not lose value, but also jumped above $29,000.
Investors supported the cryptocurrency, as this instrument can be considered as a safe-haven asset. Already in the current cycle, bitcoin has a good chance of jumping to $36,000. The banking crisis in the United States fuels the interest of traders in alternative instruments, including gold and digital currency.
Stimulating business activity through the infusion of large capital into the economy will lead to the entry of capital into the technology sector, and BTC will be able to accumulate part of the allocated funds, the authors of the report emphasized.
