Posted 4/16/2024, 11:09:56 AM
Analyst Forecasts Correction Coming for Bitcoin and Tech Stocks as Rate Cut Hopes Fade
- Analyst who predicted Bitcoin's rise now forecasts correction across risk assets like crypto and tech stocks
- Shift based on unabating inflation, bond market signals, and fading hopes of 6 Fed rate cuts this year
- Bitcoin rally in 2023/2024 was partly driven by expected rate cuts which are now in doubt
- Inflows into Bitcoin spot ETFs have stalled after initial surge when approved in January
- Looming Bitcoin halving event in April faces uncertainty despite historically boosting price
