RATE Group | Bitcoin Price Can Reach $50k On Macroeconomic Uncertainty
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Bitcoin Price Can Reach $50k On Macroeconomic Uncertainty

18 Nov Bitcoin Price Can Reach $50k On Macroeconomic Uncertainty

Posted at 16:48h in Bitcoin News by

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Bitcoin’s price is stagnating under a wave of positive macroeconomic news, but this is a party that cannot continue indefinitely and when the global economy does come crashing down, some believe that the price of Bitcoin could soar as high as $50k.

This being said, it now becomes a matter of when this potential economic downturn will actually occur, as recent developments surrounding the US-China trade deal have shifted investor’s sentiment and may help fuel further short-term gains within the equities markets.

The Stock Market Is Flying High, But For How Much Longer?

Bitcoin’s price has so far failed to recapture July’s dizzying rally, which saw it spike to just shy of $14k, whereas the stock market’s decade long bull run continues to exceed expectations as investor confidence is bolstered by reports of an early trade deal formed between the US and China.

Experts also believe that the Fed’s decision to inject billions into the financial system following the recent repo…

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