An Economist Mohamed El-Erian Predicts That The Fed's Response To Inflation Will Push Crypto Prices Higher
In an interview with CNBC on Monday, economist Mohamed El-Erian examined the US economy, markets, and the Federal Reserve's approach to inflation."Because the big argument for crypto is it's a diversifier. At the time of inflation, it's attractive. And recently, crypto hasn't played that role."
The economist explained: "There's a reason why, and that's because crypto, unlike gold, benefited enormously from all the liquidity injections. So what you're getting in crypto is a tug of war between a recognition that liquidity is going out from the system as a whole and attractiveness as a diversifier. So far, it's the liquidity element that is winning out."
Source
@CryptoWorldAnalysis
