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Massive XRP Rally Expected With Federal Reserve’s $6 Trillion Inflation Shift
The post Massive XRP Rally Expected With Federal Reserve’s $6 Trillion Inflation Shift appeared on BitcoinEthereumNews.com. Could the US Federal Reserve’s potential pivot on inflation be the catalyst for a multi-trillion dollar surge in the cryptocurrency market? That’s the bullish prediction from some of Wall Street’s top analysts as they eye a seismic shift in monetary policy. According to a new report from Forbes, the stage may be set for a remarkable resurgence in the prices of leading digital assets like Bitcoin and XRP. The key driver? An estimated $6 trillion in sidelined capital that could come flooding back into the market as the Fed eases its hawkish stance. The Floodgates Could Open This isn’t just a typical crypto rally. Tom Lee, managing partner at Fundstrat Global Advisors, believes in the potential for a transformative, once-in-a-generation event. If the Fed signals that it’s successfully reined in inflation, he said people could see trillions of dollars rushing back into the market in a matter of months. ‘Still Early’—Sudden $6 Trillion Fed Inflation Flip Predicted To Unleash A Bitcoin, Ethereum, XRP And Crypto Price Boom https://t.co/vYpsbgSq6l pic.twitter.com/doEjvOef58 — Forbes (@Forbes) May 15, 2024 Lee’s bullish outlook is centered around the notion that the Fed will soon declare victory in its battle against soaring prices. The recent deceleration in the US consumer price index, with a 0.3% increase in April versus 0.4% in March, suggests the central bank’s aggressive rate hike campaign may be bearing fruit. Should that prove to be the case, Lee believes it could ignite a frenzy of investment activity, with Bitcoin potentially surging to $150,000 – more than double its current price of around $71,000. And if history is any guide, other cryptocurrencies like XRP could follow a similar trajectory. XRP is currently trading at 0.53. Chart: TradingView Crypto ETFs Provide Institutional Tailwind Bolstering this bullish case is the recent wave of crypto exchange-traded fund…
The post Massive XRP Rally Expected With Federal Reserve’s $6 Trillion Inflation Shift appeared on BitcoinEthereumNews.com.
Could the US Federal Reserve’s potential pivot on inflation be the catalyst for a multi-trillion dollar surge in the cryptocurrency market? That’s the bullish prediction from some of Wall Street’s top analysts as they eye a seismic shift in monetary policy. According to a new report from Forbes, the stage may be set for a remarkable resurgence in the prices of leading digital assets like Bitcoin and XRP. The key driver? An estimated $6 trillion in sidelined capital that could come flooding back into the market as the Fed eases its hawkish stance. The Floodgates Could Open This isn’t just a typical crypto rally. Tom Lee, managing partner at Fundstrat Global Advisors, believes in the potential for a transformative, once-in-a-generation event. If the Fed signals that it’s successfully reined in inflation, he said people could see trillions of dollars rushing back into the market in a matter of months. ‘Still Early’—Sudden $6 Trillion Fed Inflation Flip Predicted To Unleash A Bitcoin, Ethereum, XRP And Crypto Price Boom https://t.co/vYpsbgSq6l pic.twitter.com/doEjvOef58 — Forbes (@Forbes) May 15, 2024 Lee’s bullish outlook is centered around the notion that the Fed will soon declare victory in its battle against soaring prices. The recent deceleration in the US consumer price index, with a 0.3% increase in April versus 0.4% in March, suggests the central bank’s aggressive rate hike campaign may be bearing fruit. Should that prove to be the case, Lee believes it could ignite a frenzy of investment activity, with Bitcoin potentially surging to $150,000 – more than double its current price of around $71,000. And if history is any guide, other cryptocurrencies like XRP could follow a similar trajectory. XRP is currently trading at 0.53. Chart: TradingView Crypto ETFs Provide Institutional Tailwind Bolstering this bullish case is the recent wave of crypto exchange-traded fund…
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