Bitcoin Bull runs? The President of the Federal Reserve Powell only killed my hopes

In his testimony on Tuesday, Jerome Powell, the Federal Reserve Chairman, Powell, on charges of another round of quantitative dilution (QE), repeatedly that “QE is a tool we use only when the rates are already in zero” and that the federal reserve remains “away from the end QT. This position challenges the idea that the rapid axis of aggressive mitigation may hinder Bitcoin and the entire encryption market as it did in previous sessions.

The end of the bull run for Bitcoin and Altcoins?

Kidney analyst Alex Kirger to publish In X “We are far from ages of QE”, stressing that some market participants need to hear Powell’s position clearly. Another commentator, Tagoo, indicated that “there is no need for QE, just to stop QT”, which prompted KRüger to respond that it may take “another a few months” until the QT ends.

Felix Jauvin, The On the Margin Podcast, Stuck Via X: “Because the quantity will soon come to the dreamers, I hope you have just heard what Powell said. Meanwhile.

Jauvin believes that the American economy has turned from a period of recession to a more fundamental growth stage. According to him, “We can still see the bull markets and a bid in risk assets without these cash wooden tricks,” because this is seen as a healthy environment and leading productivity-called “The Golden Economic Age.”

Dan McCardel reminded the followers that markets could remain “with a decent economy and some credit expansion.” The encryption community has warned of expectations only for the interest rate policies and QE, indicating that the fixed economy still can support the bullish trend of Bitcoin.

Julian Beetle, Head of Macro Macro Macro Investor (GMI), framed Powell’s comments within the “symbol of everything”, by itself that my quantity is only one part of the image of global liquidity. Although the Federal Reserve may not be burned to QE soon, Bittel has noted that other factors, such as the Popular Bank of China procedures, private credit creation, or transformations in a public treasury account, can also pump liquidity into the markets. “The Federal Reserve has obtained other tools, and they have been working with the cabinet since Covid to soften the QT effect through TGA and RRP,” note Bittel.

The merchants reminded that “not only the federal reserve in this equation” and noted that the Chinese prices heading towards zero increase the possibility of China offering some forms of QE. “In 2017, the Federal Reserve was a small player in the liquidity game. In fact, the Federal Reserve was implementing QT rates and long distances throughout the year, however risk assets are still threatening and did Bitco 23x after a sharp but short correction of 28 % In January.

Crypting analyst Kevin also says that bitcoin may not require precisely to flourish. However, he pointed out that “we also did not see the top of the Macro cycle in the dominance of BTC” during the active QT, where we are on the possibility of a strong season in Altcoin anytime soon. “I still think that my analysis tells me at some point in the second quarter, the matter will end, but if we take Powell with the nominal value, the callers in the Altcoins season every day over the past two years will continue to appear more and a mistake, they will be already and they are still so,” I mentioned .

At the time of the press, BTC was traded at $ 96334.

Distinctive photo of Shutterstock, Chart from TradingView.com