The price of Bitcoin dropped to around $80,000 per coin after reaching nearly $90,000 earlier in the week. This decline is linked to inflation concerns, US President Trump’s tariff threats, and fears surrounding a new hack.
Despite these challenges, Arthur Hayes, co-founder of BitMex and founder of Maelstrom investment firm, predicts a Bitcoin price surge in April. Hayes suggests that the Federal Reserve’s potential return to “stealth” money printing could fuel this increase.
The Federal Open Market Committee (FOMC) recently maintained interest rates and revised its economic growth outlook. The FOMC also hinted at reducing its quantitative tightening program, which affects the bonds it retains on its balance sheet.
Hayes believes that President Trump’s tariff threats no longer matter to the Federal Reserve, as long as Powell continues to provide easy monetary conditions. This could lead to a boost for Bitcoin and other cryptocurrencies.
The potential for a Bitcoin price surge is significant, given recent market volatility. Industry experts like Arthur Hayes lend credibility to this prediction. However, the impact of these factors will only be confirmed in the coming weeks.
Source: https://www.benzinga.com/markets/cryptocurrency/25/03/44552659/bitcoin-set-for-april-price-surge-as-fed-signals-monetary-easing