bitcoin The analyst, who knew the bottom price of the price in 2022 correctly, shared his new predictions for the crypto money market.
The analyst, known by the pseudonym DonAlt, believes that the troubles in the banking sector will be a catalyst for BTC.
“Given the macro developments we have, which basically means that faith in banks is now gone. A group of people actually think we’re going to relive the 2008-style bank crash. I’m not of that opinion, but I’m not a banking expert either. So it doesn’t really matter to me. I doubt it. Honestly, I think we’re going to get a series of government interventions like in America…
And on this basis cryptocurrencyIt really has the power to create uplift for people. That’s basically what Bitcoin was created for. BTC was born in the rage of 2008. Satoshi was very, very angry at how things had turned out back then. And the repetition of the same thing obviously basically means ascension.”
Bank Run May Create Rise For Bitcoin Price!
However DonBottomsays that a bank run will have a short-term negative impact on the crypto markets.
“The problem is that if there really is a bank run and banks crash everywhere, it’s going to pull the market down a bit. It will bring everything down. This will pull Bitcoin down in the short term. But in the best-case scenario, there will be no problems with banking and if the government steps in, everything will be much better.”
You can follow the current price action here.