Crypto Analyst Jamie Coutts discusses impact of global monetary policy on Bitcoin's price action
Summary:
Crypto market analyst Jamie Coutts discusses the potential impact of global monetary policy on Bitcoin's price action in Cointelegraph's Market Talks. He suggests that the tightening cycle and economic stress may result in challenges for risk assets like Bitcoin, but highlights the unique nature of the current situation. Coutts believes that assets like Bitcoin, with control over their inflation schedules, will thrive in the long run as the system reverts to easing. For more insights, tune in to the full episode on Cointelegraph's YouTube channel.
In the latest edition of Cointelegraph's Market Talks, host Ray Salmond interviews Jamie Coutts, a crypto market analyst at Bloomberg Intelligence and a chartered market technician. Discussing the impact of global monetary policy on Bitcoin's pre- and post-halving price action, Coutts suggests that the tightening cycle and potential economic stress could result in more challenges for risk assets such as Bitcoin. Despite this, Coutts also highlights that the current situation is unique and different from previous Bitcoin cycles, emphasizing the need to consider the fiat and credit-money-based system in which we operate. He believes that in the long run, assets like Bitcoin, with control over their inflation schedules, will likely thrive as the system returns to some form of easing. For more insights from Coutts on the macro environment, as well as his views on Bitcoin, Ethereum, altcoins, and stablecoins, check out the full episode of Market Talks on Cointelegraph's new YouTube channel, Cointelegraph Markets & Research. Don't forget to like and subscribe to stay updated with the latest content.
Published At
9/14/2023 8:30:00 PM
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