Reserve

Bull Market

Bitcoin

Rise

<p style="text-align: justify;">Anthony Pompliano, founder of Pomp Investments, announced that the bull market continues as <a href="https://en.coin-turk.com/bitcoin-price-increases-by-26-5-in-october-is-a-downtrend-possible/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>, the leading cryptocurrency, reclaimed the $43,000 level.</p>
<h2 style="text-align: justify;" id="what-are-the-consequences-of-bitcoin-s-halving">What Are the Consequences of Bitcoin’s Halving?</h2>
<p style="text-align: justify;">In a recent interview with CNBC, Anthony Pompliano stated that Bitcoin follows a four-year historical price model related to halving events, where miners’ rewards are cut in half. The expert expressed the following:</p>
<blockquote>
 <p>Bitcoin’s bull market has started. And when you look at these market cycles, historically, they are four-year market cycles that fall between Bitcoin halvings. Typically, it will take about two and a half to three years from the bottom of the last bear market to the peak of the next bull market. Then you will receive about a one to one and a half year market correction. So historically, it has increased by hundreds of percent and then you get about an 80% decline… The bull market has started. And the question on everyone’s mind right now is how high Bitcoin will rise in this bull market.</p>
</blockquote>
<p><img loading="lazy" decoding="async" loading="lazy" class="size-full wp-image-289470 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/12/analist-3.jpg" alt="" width="867" height="463"></p>
<h2 style="text-align: justify;" id="the-reason-for-bitcoin-s-rise">The Reason for Bitcoin’s Rise</h2>
<p style="text-align: justify;">Anthony Pompliano pointed out that Bitcoin’s recent massive rise above $40,000 could likely be attributed to two main factors. He suggested these are the potential approval of Bitcoin exchange-traded funds (ETFs) in the spot market in January and the expectation that the Federal Reserve will start lowering interest rates as soon as possible. The expert stated the following:</p>
<blockquote>
 <p>There are speculations about Bitcoin ETFs. As we approach the dates at the beginning of January, I think people are saying: Look, the probability of approval is higher. And if it’s approved, they believe the price will increase, so they want to own it before the approval. I think it’s quite explanatory. Then, if you go and look at the macro environment, you’ll see that markets are forward-looking. And what people may be anticipating is this, someone could say to themselves: Okay, if we’ve had this kind of quantitative tightening, interest rates have experienced the fastest increase in history, we’re selling tokens. The Federal Reserve’s balance sheet will change at some point. If they continue to keep the economy tight, they will push us into recession. And so the thought process is that when there is a return to quantitative easing, the thought process is that many tokens, including Bitcoin, will rise very quickly. And so you wouldn’t expect them to wait for their loose monetary policy to return and then buy tokens. You want to buy just before they turn around.</p>
</blockquote> <span style="font-weight:bold;font-size:16px">Continue Reading:</span> <a href="https://en.coin-turk.com/expert-claims-bitcoin-bull-market-continues-as-it-reclaims-43000-level/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/expert-claims-bitcoin-bull-market-continues-as-it-reclaims-43000-level/</a>

Expert Claims Bitcoin Bull Market Continues as It Reclaims $43,000 Level

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