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Bitcoin: Unlimited QE is About to Boost Bitcoin to $20,000

bitcoin

COVID-19 has the world suffers, but the crypto world, especially Bitcoin, has benefited from it. When most of the traditional assets are down because of the economy, cryptocurrencies prove their worth as a hedge asset. Two months after the March crash, Bitcoin has already taken back lost grounds, now testing the $10,000 mark. But the positive impact of the COVID-19 on Bitcoin doesn’t stop here, another bull factor is coming – unlimited QE. 

With unlimited quantitative easing plan, comes an exploding money supply. So much money will flow into all kinds of channels and jumpstart the economy, and that’s what governments are aiming for. But the excessive money in the market will also gradually leads to inflation, so each unit of currency buys fewer goods and services. With the U.S. leading the QE, and European countries following suit, people may one day find the money in their pocket shed some of its value. 

Unlike the fiat, Bitcoin just experienced its “quantitative hardening” two weeks ago. The third halving of Bitcoin has cut its issuance into a half, so its inflation rate remains around 1.8% until the fourth halving. The store-of-value nature of Bitcoin has already been recognized in some countries facing hyperinflation. Venezuela, who seems to has abandoned its cryptocurrency the petro, will allow shops and enterprises to settle payment via Bitcoin in June. Iran has started to adopt Bitcoin into its monetary system by granting over 1,000 cryptocurrency mining licenses and launching a national blockchain project called Borna. 

Just on the day of the third halving, Donal Trump twittered that the U.S. could use some negative interest rates. While people get to pay lower mortgage rates or loan rates, yields on saving accounts and financial products are likely to decrease or even crushed. 

Bitcoin: Unlimited QE is About to Boost Bitcoin to $20,000 1

In a tweet, Peter Schiff warns Trump about the disadvantages of negative interest rates: “But the inflation created to make negative rates possible will hurt wage earners too, plus the overall economy will be less productive and living standards will be lower as a result.”

While it is true that the effects of QE won’t be visible immediately,  with Bitcoin continues to consolidate its ground, QE could be a big momentum for Bitcoin to surpass $20,000 as many analysts predicted. 

Bitcoin: a destination in the era of QE

For investors who only hope to secure their funds, bonds and bank deposits are still good choices. Although they may not generate profits, they are very safe and liquid. But if you have a bigger appetite, Bitcoin, highly liquid and highly profitable, is the way to go. And the best way to generate profit through Bitcoin is no doubt leveraged trading. 

Many investors favor traditional assets are afraid of volatility, but leveraged trading is born for it. 

Lets’s see how: 

Step 1: the current price of BTC is $9,000. If you believe the price is going to drop, you can open a short position with 0.01 BTC. Now, 0.01 BTC may not seem much, but with 100x leverage, you can open a contract worth 1 BTC. 

Step 2: When the price of BTC drops 500 points to $8,500, you close the position.

Profit: ($9000-$8500)*1 BTC/$8500=0.059 BTC. 

ROI: 0.059/0.01*100%=590%

Leveraged trading is a mature derivative in the crypto market. Established in 2017 and headquartered in Hong Kong, Bexplus is a leading crypto derivatives trading platform offering 100x leverage futures trading on BTC, ETH, LTC, EOS, XRP and etc. 

  • No KYC and Fast Registration

You only need to verify your email to open a trading account and a demo account. This process will only take a few minutes and you don’t have to worry about risking your personal information. 

  • Demo Account with 10 BTC

To help beginners better get used to leveraged trading, Bexplus provides every user with a demo account upon registration. There are 10 replenishable BTC in the demo account for traders to practice as much as they like. You can also learn to analyze the market and use the tool-kit with the demo account. Besides, you can always trust the 24/7 customer support to help you solve your problems in trading. 

Bitcoin: Unlimited QE is About to Boost Bitcoin to $20,000 2

  • Best Ranking Mobile Apps

Bexplus mobile app rank in the Top 5 of keyword search results related to bitcoin trading in 56 countries in App Annie. This full-featured app provides you with the same experience when using a computer, only far more convenient. 

You can check the market, enter or close a trade, or deposit your funds in the interest-bearing wallet wherever you like. Bexplus mobile app has a 24/7 market notification to keep you updated with any huge market movement.  

All data and assets can be accessed through all kinds of devices including Windows, Macbook, Android phones, iPhones, and tablets. Bexplus app is available on Apple App Store and Google Play.

  • Claim Your 100% Bonus 

Double deposits, double profits. Users can get a 100% deposit bonus for every deposit on Bexplus. If you deposit 1 BTC, 2 BTC will be credited to your account, and the profits gained with the bonus are withdrawable. Every user can join the promotion and get up to 10 BTC bonus. Now active users can get 10% off of their transaction fee.  

Bitcoin: Unlimited QE is About to Boost Bitcoin to $20,000 3

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Disclaimer. This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Cryptopolitan.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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