Economists suppose that the cryptocurrency market may surprise traders by an unprecedented rally. The current situation is extremely favorable for digital assets. That is why bitcoin is forecast to hit new highs in the near future.
Curiously enough that the US Fed is the main driver of the expected jump. At the moment, the regulator is doing its best to save the US economy. The consequences of such a policy may lead to bitcoin’s surge. The fact is that the Fed is actively stimulating growth of its quotes in the stock exchanges. Some analysts believe that such actions are abnormal amid the global production slump. Moreover, large financial injections in the system may have the opposite effect. Only the US Fed’s actions are boosting the rally. Investors are so concerned about the massive money-printing that they have begun to withdraw their funds from traditional assets choosing cryptocurrencies.
Bitcoin has already resumed climbing and it will continue gaining in value amid mounting demand. The number one cryptocurrency has won its huge popularity due to its independence from financial policy, transparent operations, and market pricing.
