US Fed Issue Will Cause Bitcoin Rise To $ 100,000

Steps by the American leadership to improve the economic situation could trigger a rise in valuebitcoin. This point of view is held by the general director of Binance Changpan Zhao.

He posted a post on Twitter, with which he commented on the decision of the US authorities to pour trillions of dollars into the financial sector.

About the readiness of the Federal Reserve Systemto send up to $ 4 trillion to support the economy, Finance Minister Stephen Mnuchin told reporters. He stressed that the US Congress is likely to support the initiative of the government, and business will receive the necessary funds to increase production.

As we get used to talk about Trillions, a modest $ 2 trillion market cap of #bitcoin will put 1 BTC at $ 100,000. Not such a hard to imagine number now, right?

As most BTC are not for sell (HODLers), we only need a small portion of that $ 2t to buy to reach it.

- CZ Binance ??? (@cz_binance) March 25, 2020

Changpeng Zhao recalled that the inclusion of printedthe Fed's systematic systematic lead to a strengthening of the Bitcoin exchange rate. Therefore, if we see such a colossal infusion of capital into the economy, then 1 BTC can reach $ 100,000. In this case, the capitalization of bitcoin can reach $ 2 trillion.

Binance CEO recalled that the lion's sharecryptocurrencies are controlled by the so-called scammers, who do not sell it even during periods of falling BTC value. It is possible that part of the capital issued by the Fed will be directed to the cryptosphere.

Many Twitter users were skeptical of Zhao's statement. Some generally stated that it was a bad joke or even a kind of sell signal.

Sell ​​signal initiated — thanks CZ pic.twitter.com/3LjwtFPpPK

- Buster ฿. Baxter (@BusterTrades) March 25, 2020

At the time of publication of this material, the Bitcoin exchange rate was around $6638; the market capitalization of the largest cryptocurrency is now just over $184.383 billion.

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