Bitcoin’s cycles are changing — Bloomberg analyst Jamie Coutts explains how and why

In the latest occurrence of Cointelegraph’s Market Talks, big Ray Salmond speaks with Jamie Coutts, a chartered marketplace technician and crypto marketplace expert astatine Bloomberg Intelligence. 

When asked whether Bitcoin’s (BTC) pre- and post-halving terms enactment could disagree from erstwhile cycles owed to a alteration successful planetary monetary policy, Coutts said: 

“I’ve been penning astir this for astir of the year. We bash person immoderate beardown fundamentals successful the space, but ultimately, what drives hazard assets is liquidity. The longer that we person this tightening cycle, and if we commencement to spot an uptick successful unemployment and much accent successful the banking sector, past determination could beryllium a spot much symptom for hazard assets similar Bitcoin.” 

Related: The aboriginal of BTC mining and the Bitcoin halving

Despite the dim macroeconomic outlook, Coutts did suggest: 

“We could beryllium adjacent the end. There is inactive a batch of underlying accent successful the U.S. banking strategy and different areas of the economy. I deliberation this is somewhat antithetic to immoderate different Bitcoin rhythm that we’ve seen, but ultimately, radical volition request to support successful caput that we are surviving successful a fiat and credit-money-based wealth system, and inevitably, determination volition request to beryllium a instrumentality to immoderate signifier of easing due to the fact that fundamentally the strategy cannot grip agelong periods of deflation. So, it is inactive Bitcoin, and to immoderate degree, crypto assets that person power of their ostentation schedules that volition bash good erstwhile things commencement to resume.” 

To perceive much astir Coutt’s views connected the macro, Bitcoin, Ethereum, altcoins and stablecoins, tune successful to the afloat occurrence of Market Talks connected the caller Cointelegraph Markets & Research YouTube channel. Also, don’t hide to click “Like” and “Subscribe” to support up-to-date with each our latest content.