Due the U.S inflation data which will be released on Wednesday Alex Kruger warns that it might be higher then expected. Alex Kruger ist the founder of Aike Capital, a New York- based asset management company.
He expects that the consumer index will rise to 7.1% for the year through December. He also mentioned that 0.4% month over month. This is the reason why the U.S Federal Reserver officals want a faster normalization of their monetary policy than ever before.
In one of his Tweets he said that " Crypto assets are the furthest end of the risk curve"
Higher interest rate incoming?
As published through the news the Fed bought another $80 billion governemt bonds and $40 billion mortage backed securities month for month since March 2020. The U.S central Bank kept her benchmark rates near zero. The reason for this is that it makes business and lendging cheaper. That all leads to a higher inflation which reacher around 6.8% in November 21. The highest since 4 decades!
Bear market incoming?
A senior commodity strategist from Blomber called that $40,000 is an important level for BTC. He thinks that BTC eventually come out of the bearish phrase. Kruger also mentioned that BTC dropped way to much. If the CPI surprises on downside the Bitcoinprice could go to pop.
Note: The information giving in this article are originally from: https://cryptonewswire.org/index.php/2022/01/10/bitcoin-crash-ahead-expert-warns-higher-inflation-could-whip-btc-price-to-30k/ I dont own any rights!
