{"id":192783,"date":"2023-11-13T21:02:57","date_gmt":"2023-11-13T15:32:57","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=192783"},"modified":"2023-11-13T21:02:57","modified_gmt":"2023-11-13T15:32:57","slug":"bitcoin-at-the-beginning-of-a-parabolic-advance-as-world-superpowers-prepare-money-printer-investanswers-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-at-the-beginning-of-a-parabolic-advance-as-world-superpowers-prepare-money-printer-investanswers-crypto-news\/","title":{"rendered":"Bitcoin at the Beginning of a Parabolic Advance As World Superpowers Prepare Money Printer: InvestAnswers – Crypto News"},"content":{"rendered":"

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A widely followed crypto analyst says that a parabolic advance is on the horizon for Bitcoin (BTC<\/a>) as the world\u2019s largest economies once again prepare to print money.<\/p>\n

In a new strategy session, the host of InvestAnswers tells<\/a> his 452,000 YouTube subscribers that the king crypto is in the beginning stages of a parabolic move to the upside, partially driven by the poor financial decisions of governments.<\/p>\n

Referencing a chart created<\/a> by crypto analyst Titan of Crypto, the strategist says investors shouldn\u2019t bank on another black swan event to occur to bring prices down again. With the US and China likely on the brink of debasing their currencies, the analyst says BTC setting up for a large move into the six-figure range.<\/p>\n

\u201cSo many experts are expecting another anomaly to happen. Maybe there\u2019ll be a World War III or some other black swan [event], but you can\u2019t bank on a black swan \u2013 Covid-19 was a one in a 100-year event\u2026 <\/em><\/p>\n

You can see here the next step after the third advance is a parabolic advance and we are just just at the beginning of that parabolic advance. Again, we\u2019ve never had such illiquid supply, we\u2019ve never had so much diminishing supply, we\u2019ve never had so much hardness in Bitcoin and that is absolutely exciting.<\/em><\/p>\n

In addition, global liquidity is actually creeping up too, so again a little bit more money is in the system. More money will come \u2013 China is now deflationary [so] they\u2019re going to print more money to get out of that mess. The US is [also] printing more money, but it\u2019s in a covert way.\u201d<\/em><\/p>\n

Source: Titan of Crypto\/X<\/figcaption><\/figure>\n

Bitcoin is trading for $37,181 at time of writing, a fractional decrease during the last 24 hours.<\/p>\n