- According to George of CryptosRUs, a supply squeeze is imminent for Bitcoin soon.
- George noted that the effect of upcoming macroeconomic events will favor Bitcoin.
- The analyst believes Grayscale’s diminishing supply will promote the upcoming Bitcoin squeeze.
According to George of CryptosRUs crypto YouTube channel, a supply squeeze is imminent for Bitcoin soon. George noted that Bitcoin has slowed down over the past several days, but it does not mean market participants should give up on the pioneer cryptocurrency. He believes coming events will regenerate an active market for Bitcoin.
In a recently uploaded video, George argued that the effect of upcoming macroeconomic events will favor Bitcoin. The CryptosRUs analyst highlighted the proposed interest rate cuts by the U.S. Federal Reserve as a signal for an imminent Bitcoin supply squeeze. He further noted that other top economies plan the same thing and would implement rate cuts.
To explain this, George cited Switzerland, one of the top economies to implement rate cuts this year. He considers it a confirmation that several other top economi…
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