Bitcoin to Hit $170K 🤯

GM, Today on Money Printer Go Brrr 3 big things to watch:

• Bitcoin to Hit at Least $170K;

• What is the Fed interest rate?

• Market expects another Fed rate pause this week, BTC price rises back above $43,000

Bitcoin to Hit at Least $170K

Anthony Scaramucci, Skybridge Capital’s head honcho and ex-White House Communications Director, is as excited as a kid at Christmas.

He predicts Bitcoin to jump higher than Michael Jordan to no less than $170,000 after the April halving.

He bases it on past halving cycles, which, in his words, have been as predictable as an episode of a soap opera.

If Bitcoin is chilling at $50,000 in April, he expects to see it lounging at a cool $200,000 sooner than later!

Looking even further ahead, Scaramucci, says Bitcoin might casually stroll up to half the market cap of gold, which would bring Bitcoin to a mind-blowing $400,000.

If you want to hear his prediction, check out the podcast below:👇

What is the FED interest rate?

The interest rates set by the Federal Reserve represents a mechanism for regulating the amount of money that circulates in economy.

When the reference interest rate decreases, loans become more accessible for businesses and the wider public.

This leads to an increase in the amount of money in circulation and consequently a higher rate of inflation.

On the other hand, when the reference interest rate increases, the accessibility of loans decreases.

This results in a reduction of the money supply in circulation and, therefore, a lower inflation rate.

These effects of the change in the reference interest rate show how the Federal Reserve uses its tools to control inflation.

Federal Reserve can turn ON The Money Printer Go Brr, by decressing the interest rate.

Our mission is to help you understand how the Economy, Bitcoin, and cryptocurrency work, so that you are not affected by "The Money Printer Go Brr".

Market expects another Fed rate pause this week, BTC price rises back above $43,000

This week, the market anticipates another pause from the Fed in increasing the rates.

If the printer starts generating an excessive amount of money by lowering interest rates, hard assets such as Bitcoin could increase in value.

The market began to anticipate this phenomenon this week:

• Bitcoin's price rose above $43,000 on Monday for the first time in two weeks, in response to potential pause on rates at the upcoming Federal Open Market Committee meeting.
  

• Due to Tuesday's price movement, over $60 million worth of cryptocurrency short positions were liquidated, as per Coinglass data. 
  

• In the past 24 hours, liquidated Bitcoin leveraged positions surged past $40 million, with shorts accounting for over $24 million of them.

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