Digital asset management company CoinShares posted a thread on its official social media account explaining how economic factors and policies affect BTC 0.28%-news/">Bitcoin’s performance, and why BTC behaves differently from other investment assets.
He believes that the current BTC downturn price performance is only temporary and said: “The US recession has arrived, and we think the Fed will likely continue to raise interest rates throughout the summer, after which there will be a weaker outlook for economic growth, leading to a substantial weakening of the dollar. If the Fed cannot suppress Inflation and a stronger dollar, BTC will benefit from a dovish Fed and a weaker dollar, while growth stocks will suffer more if economic conditions worsen.”
