Mathew Kratter from Trader University provides an analysis of the recent Bitcoin selloff.
Highlights:
- There is a correlation between Bitcoin and risk-on assets, such as high flying tech stocks. As discussed in 2022 Bitcoin Superhighway, there is a tendency for Bitcoin to act like a tech stock when the markets are spooked by Fed tightening.
- Kratter believes the pause on money printing will be short-lived. As we approach the end of the long-term debt cycle, there will be a squeeze on the markets. This will force the Feds hand to continue to print money. As this unravels, Bitcoin will be a safe-haven asset.
Will the Bitcoin selloff be short-lived?
For relation articles, check out our crypto Economics Section where broader market influences are discussed.
