BTC UPDATE – 10/31/2022(UTC)
Will Bitcoin set a new ATH (all-time high)?
Every time Bitcoin is halved, it is proven that BTC will achieve a new all-time high 9-18 months later, at least, several times. Unlike gold, Bitcoin does not have a long history. Long before that, the cryptocurrency and stock market skyrocketed due to the Fed printing a lot of money. Now, the scenario is different, where there is a lot of uncertainty, particularly in the geopolitical context, such as energy problems, high-interest rates, and the greatest level of debt. We predict The Fed is unlikely to pivot anytime soon.
However, If the Fed starts to pivot and print a lot of money, it will produce a lot of inflation, and people will begin reinvesting, which will make the market optimistic again.
Keep an eye on our membership for further updates!