Banking Giant Morgan Stanley: New Bitcoin Bull Depends On These Two

According to US banking giant Morgan Stanley, there are two factors for a new Bitcoin (BTC) bull.

In the August 9 note shared by Morgan Stanley, factors that could signal a new Bitcoin bull run were mentioned. Analysts of the bank, as the first factor in the shared note, to implement the “expansionary monetary policy” of the US Federal Reserve. of the beginning He thinks it can trigger the new Bitcoin rally.

In addition, Morgan Stanley is also dependent on the leveraged market to survive despite the decline in the cryptocurrency market. the existence of a leverage system He stated that this is another important factor for a new Bitcoin bull.

JPMorgan, another major US bank, believes the cryptocurrency market has hit bottoms. The bank’s analysts say the Ethereum Merge upgrade will be a key factor in the rise of Bitcoin and other cryptocurrencies. will play a role is thinking.

Mike McGlone, a senior strategist at Bloomberg, recently said that Bitcoin’s 100,000 He shared that it was “a matter of time” for him to reach the dollar.

Bitcoin, which has fallen by 3.5% in the last 24-hour period, at the time of writing. from $22,990 is being traded.

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