Alpha CEO Jeff Horsley and Alpha Strategy Director Jeff Park said the Trump administration is likely to reshape the global trade order.
He said central banks are showing signs of injecting large amounts of liquidity into the market, presenting Bitcoin with a historic investment opportunity.
Bitwise Alpha Strategy Head Jeff Park said on the 16th through X, "The world is in a historic state.
"We are facing the greatest crisis in history," he said, pointing out that the House of Representatives budget proposal released on the 12th by the Republican Party includes a plan to increase the US federal debt ceiling by $4 trillion and expand government spending.
He also pointed out that the trend toward deglobalization and President Trump's recent stronger push for the imposition of reciprocal tariffs were key factors.
He went on to say, "We may see some of the biggest irrational moves in the markets," highlighting the possibility of a surge in gold prices, the largest tax cut in history ($4.5 trillion) being pushed by the Republican Party, and interest rates dropping.
He also mentioned the possibility of rate curve control, a policy in which a central bank keeps long-term interest rates at a target level to stimulate lending and investment.
Meanwhile, Federal Reserve Chairman Jerome Powell
On the 11th, Chairman Powell told the Senate Banking Committee, "The U.S. economy remains strong and there is no need to rush to adjust interest rates," denying the possibility of further interest rate cuts this year.
On the same day, Bitwise CEO Hunter Hosley said through X that "people are underestimating the enormous opportunity for Bitcoin to jump into the mainstream this year," and
Jeff Pak also said, "Bitcoin's Intrinsic Volatility Percentile (IV
percentile is at its lowest level this year, why not seize this opportunity?
If that were the case, we would not go down the same path," he added.
2025/02/18 13:06 KST
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