Anthony Pompliano Announces Crypto Outlook For 2022 -BTC Might Be Associated With This Amazing Indicator

bitcoin bull Anthony PomplianoHe thinks that higher interest rates in 2022 may have a different effect on the price of BTC than many analysts initially assumed.

Morgan Creek Digital co-founder Pompliano stated in a new interview with CNBC that BTC could be associated with a potentially surprising indicator.

“The other thing I’m watching right now (I don’t think we have enough data yet), but over the past few weeks, Bitcoin (BTC) It was a matter of how the price really followed the US 10-year Treasury yield, I’ve heard that from a few different analysts as well.”

Traders track the performance of 10-year Treasury yields to gauge investor sentiment and risk appetite.

A rising return indicates market confidence as investors prefer risky assets with higher returns. On the other hand, a falling yield indicates the market is cautious as investors flee to Treasury bonds to protect their capital.

Federal Reserve officials hawked recently by stating that they plan to cut back on asset purchases and raise interest rates next year to fight inflation.

Pompliano states that if the correlation between the 10-year Treasury yield and Bitcoin is correct, such a policy could actually be bullish for Bitcoin.

“So now you would think that as interest rates rise, we should see most of the risk assets actually being sold, right? If you go all the way back to the ’99 Dot Com Bubble, many people point out that interest rates were a key factor in bursting this bubble. But Bitcoin really [10 Yıllık Hazine Getirisi] “We still need more data – if that’s true, then, wildly, raising interest rates could be bullish for Bitcoin.”

Pompliano also stated that some of his predictions in the past did not come true. in 2019, bitcoinHe predicted that the coin would reach $100,000 by the end of 2021 (this figure was based on the fact that this figure was about 18 months after the last halving in May 2020).

“One of the things I’ve been watching, though, is that the 18-month timeframe may be off. In fact, we may be seeing longer bull markets now rather than the 18-month ones we’ve seen before. Time will show us. What we will understand the importance of later will be 20/20 on this subject. But I think it’s something to watch.”

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.

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