Market strength after Bitcoin weakness
"And I think that once this is going to fade away, we probably will see more strength in the markets as we've also had some macroeconomic news taking place this week where primarily two topics are important."
ℹ️ In shortThe expert anticipates market strength once Bitcoin's issues related to Michael Saylor's situation subside and after recent macroeconomic news.
This prediction is awaiting verification.
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… Being a treasury, having Bitcoin on your balance sheet is good by definition, but then having more depth in order to make more Bitcoin and to make more money is probably not the right strategy, and that's the kind of fundamental layer people do not like at this point. But that is why we are seeing a little bit of weakness on Bitcoin in general. And I think that once this is going to fade away, we probably will see more strength in the markets as we've also had some macroeconomic news taking place this week where primarily two topics are important. The first one is we've had the first FOMC meeting with Kevin Walsh being there. And he is going to change a lot of things. And the initial reaction on the fact of the event was bearish. And the reason for that is that the rates are unchanged again. And also the GDP projection from the event became lower. And I think also the inflation expectations …
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