Bitcoin Will Benefit From a Dovish Fed and a Weaker Dollar

Digital asset management company CoinShares posted a thread on its official social media account explaining how economic factors and policies affect 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.”