If the Federal Reserve will follow their own words, and shrink their balance sheet, prices will go down, including cryptocurrencies, real estate and stocks.
Bitcoin may still have a few bumps upside in times of panic, but will trend down.
But then the Federal Reserve may do with their balance sheet like they did with their interest rate: talk for months before making the first step.
Shrinking their balance sheet does not coincide with increasing inflation, which they also stated they will do, so 5000 in a few months may happen, but I doubt it.
You should also care about the rate of BTC/STEEM, which as a trend is promised to rise over time, but steep fluctuations above or below the trend line may present a short term opportunity to buy/sell STEEM for BTC.
But for the long term, BTC will rise more than STEEM which may go down over time since its amount is unlimited.
If the Federal Reserve will follow their own words, and shrink their balance sheet, prices will go down, including cryptocurrencies, real estate and stocks.
Bitcoin may still have a few bumps upside in times of panic, but will trend down.
But then the Federal Reserve may do with their balance sheet like they did with their interest rate: talk for months before making the first step.
Shrinking their balance sheet does not coincide with increasing inflation, which they also stated they will do, so 5000 in a few months may happen, but I doubt it.
You should also care about the rate of BTC/STEEM, which as a trend is promised to rise over time, but steep fluctuations above or below the trend line may present a short term opportunity to buy/sell STEEM for BTC.
But for the long term, BTC will rise more than STEEM which may go down over time since its amount is unlimited.
I agree...I see that coming soon as well.
I agree..... almost certain within a year..