Global Macro Analysis: BTC like GOLD Most economies are sl | MYC Signals

Global Macro Analysis: BTC like GOLD

Most economies are slowly recovering from the Covid-19 crisis. And just as it was after the 2008 financial crisis, when the price of gold increased consistently as the U.S. pumped more dollars into the economy to wade off deflation pressures.

Between 2009 and 2011, CPI spiked, reaching the peak level of 4 %. This led to a consistent increase in the price of gold. Today, the pattern is repeating itself as the world economies recover from lockdowns.

The United States is about to release over $1.9 trillion stimulus package into the market, which means that we will be going through the same situation we experienced in 2009-2011. So we expect to have too many U.S. dollars chasing the scarce BTC in a few days to come.

Also, we expect CPI to spike and thus traders that will put their money in BTC will rip big as the United States and other world economies get out of their way to try to support their economies.

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