“Structural Deflation” In Europe to Boost Bitcoin Growth: Macro Investor

Bitcoin is in no man’s land in terms of its price as it balances above $10,500 but remains below the $11,000 resistance. The cryptocurrency is still in a positive macro bull trend though, analysts say. One reason why these analysts remain confident is that macro trends are favoring growth in the value of Bitcoin. One such trend is the ongoing deflationary trends in Europe, Dan Tapiero of 10T Holdings recently suggested. Tapiero is a long-time gold bull that has recently made a focus of his Bitcoin and cryptocurrency. He thinks that macro trends have the potential to drive BTC an order of magnitude higher this cycle. Bitcoin Poised to Rally Due to Structural Deflation Trends Bitcoin is poised to continue its ascent in the coming months and years due to deflationary trends and Europe, Dan Tapiero of DTAP Capital, 10T Holdings, and Gold Bullion International recently explained. His thesis behind…

Read the original article here

IF YOU LIKED THIS ARTICLE CLICK SHARE