Analysts wrote that the US-based financial collapse could trigger a serious rise in three different cryptocurrencies.
In an article published in Forbes on October 8, the debt-ridden US economy is at the end of the day. Bitcoin (ETH), Ethereum (ETH) And In Ripple (XRP) It was stated that it would trigger the rise. US Federal Reserve 33 trillion dollars In the content where it is emphasized that the country is struggling with the debt spiral, the possible developments in the US markets 8 trillion dollar balance sheet will not be enough and the money to be printed will flow into cryptocurrencies and gold It was suggested.
For this reason the FED 8 trillion dollars will suffer a shock and to get out of the debt spiral have to print money It is thought to remain.
Jefferies’ head of global equity strategy Christopher Wood In this detailed research prepared under the leadership of US Federal Reserve (FED) It was stated that it would return to its policy of printing dollars in order to pay off its debts.
In the presented research, this financial collapse in the USA A serious rise in gold and Bitcoin He was reminded that he could bring it. However, the rise will not be limited only to Bitcoin and Ethereum with Ripple’s this is it to the rising tide It was claimed that he would be involved.
Christopher Wood puts Bitcoin and gold against rising inflation While calling it a safe harbor He continued his statement with the following statements:
G7 central banks, most importantly the Fed, will be unable to exit unconventional monetary policy in a benign manner and will ultimately remain committed to continued central bank balance sheet expansion in one form or another. This process will benefit the cryptocurrency sector and gold, which are seen as safe havens.
Also in the research Israel- Palestine It was claimed that the war between the two countries could increase oil prices and, in parallel, inflation would remain above the FED’s expectations. According to the research, the FED, which cannot meet inflation expectations, may continue to increase interest rates.