Three Macro Factors That Could Drive Bitcoin To 10 000 By 2023 Finbold
Bannister stated that Bitcoin’s price would negatively be impacted by the planned Federal Reserve tightening and reduction in the balance sheet, Business Insider reports. The strategist identified the global money supply as the first essential macro to look at. He cited that since the S&P 500 and Bitcoin moved with global money into the dollar, any supply factors will influence BTC’s price. He stated that if the M2 money supply measure slows, it will likely result in a tightening U....