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“Structural Deflation” In Europe To Boost Bitcoin Growth: Macro Investor

Bitcoin is in no man’s land in terms of its price as it balances above $10,500 but remains below the $11,000 resistance. The cryptocurrency is still in a positive macro bull trend though, analysts say. One reason why these analysts remain confident is that macro trends are favoring growth in the value of Bitcoin. One such trend is the ongoing deflationary trends in Europe, Dan Tapiero of 10T Holdings recently suggested. Tapiero is a long-time gold bull that has recently made a focus of his Bitcoin and cryptocurrency. He thinks that macro trends have the potential to drive BTC an order of magnitude higher this cycle. Bitcoin Poised to Rally Due to Structural Deflation Trends

Bitcoin is poised to continue its ascent in the coming months and years due to deflationary trends and Europe, Dan Tapiero of DTAP Capital, 10T Holdings, and Gold Bullion International recently explained.

His thesis behind this assertion was that this will cause European Union real interest rates to tick higher, driving the value of the Euro higher relative to the U.S. dollar. This should drive Bitcoin and gold higher as they are seen as hedges against declines in the relative value of the U.S. dollar.

“Massive structural deflation in Europe supports Bitcoin. Causes European Union real interest rates to geo up even as nominal rates are negative. Crushes legacy European Union banks. European Central Bank drags feet and maybe [its] hands [are] tied. Dollar falls as real rates rise faster in the European Union than in the US.” Massive structural deflation in Europe supports #Bitcoin Causes Eu real interest rates to go up even as nominal rates are negative. Crushes legacy EU banks Ecb drags feet and maybe hands tied.#Dollar falls as real rates rise faster in Eu than in US. Supports gold and #btc. ...
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