Here's what might trigger Bitcoin (BTC) price surge: Analyst BTC $BTC
, Capriole Fund founder and Bitcoin analyst, foresees a major catalyst that might boost Bitcoin's price in 2023. The year 2022 was a rough one for cryptocurrencies, marked by falling prices after the Fed introduced restrictive monetary policies by hiking interest rates.
The only way the Fed can compete with Bitcoin is higher rates. But rates can't go any higher because the system is breaking. The unwind will be relentless.Edwards, in a new tweet, expressed the possibility of rates not going higher because the system was on the verge of breaking.
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