NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Bitcoin Targets $20K against Fed and ECB’s Savage QE Policies

Yashu Gola
Yashu Gola
1 year ago
2 mins read
bitcoin, cryptocurrency, btcusd, xbtusd, btcusdt

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

  • Bitcoin bulls eye a $20,000 yearly close against the Federal Reserve and the European Central Bank’s expansionary policies.
  • Dan Morehead, the CEO of Pantera Capital, noted that the bitcoin market is already outperforming other assets since the Fed launched an unlimited bond-buying program in March 2020.
  • With ECB following a similar quantitative easing policy, it could prove further bullish for the benchmark cryptocurrency.

As Bloomberg predicts Bitcoin to hit $20,000 in 2020, the catalysts that could make it happen are already maturing.

The European Central Bank (ECB) on Thursday announced that it would boost its bond-buying stimulus program until June 2021. President Christine Lagarde said during a press brief that the ECB would buy another €600 billion of bonds to aid the European economy.

The unprecedented quantitative easing program expects to add a record €1.35 trillion ($1.53 trillion) worth of burden on the ECB’s balance sheet. The move would increase the bank’s asset portfolio to €4 trillion ($4.53 trillion), which, at present, amounts to a third of eurozone’s gross domestic product.

Meanwhile, macro analysts predicted that ECB could extend its stimulus program beyond June 2021.

“With inflation forecast clearly below 2% in 2022, more monetary stimulus further down the road should not be excluded,” Carsten Brzeski, the chief economist at ING Germany, told CNBC.

Marco Valli, the head of macro research at UniCredit, also reiterated the same outcome, stating that ECB’s emergency purchases have no end in sight.

Bitcoin Meets QE is Bullish

As ECB perpetually boosts the supply of euros across the eurozone, assets such as bitcoin and gold should go a lot of higher.

Ultimately, the trillions of euros created by the ECB will go through the real economy, which will likely cause inflation, loss of purchasing power, and even a plunge in confidence. Unlimited QE’s do not go unnoticed – as it pushes investors into higher-yielding assets such as stocks or bitcoin.

The Fed’s bond-purchasing program has brought out a similar outcome. As the U.S. central bank announced that it would inject $3 trillion into the banking system, riskier assets, including bitcoin, stocks, and Gold, rose in sync. Nevertheless, bitcoin outranked them by returning the best year-to-date yields.

bitcoin, cryptocurrency, btcusd, xbtusd, btcusdt
Bitcoin YTD performance against macro assets | Source: Pantera Capital

“Repeated and unlimited use of fiscal and monetary expansion will push up the quantity of paper money required to buy things that have fixed quantities like bitcoin – this includes stocks. The policy is already achieving its goal,” said Dan Morehead, the CEO of Pantera Capital, a crypto-focused investment firm.

The $20K Bitcoin Price Target

In its latest research paper, Bloomberg predicted that bitcoin could double its value to $20,000 by the end of 2020. The media mogul cited the cryptocurrency’s halving, which reduced bitcoin’s daily supply from $1,800 BTC to 900 BTC, as well as central bank easing as the main catalysts behind the potential price rally.

bitcoin, cryptocurrency, btcusd, xbtusd, btcusdt
BTCUSD uptrend locked under $10,000-level | Source: TradingView.com, Coinbase

“This unprecedented year of central-bank easing is accelerating the maturation of the first-born crypto toward a digital version of gold while accentuating oversupply constraints in most of the market,” wrote Bloomberg.

Tweet123Share196ShareSend
Yashu Gola
Yashu Gola

Yashu Gola

Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 – and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN.

Read more

Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.

Close

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Strategy Grabs Another $472M In Bitcoin—Even With Price At ATH

Bitcoin has been exploring new all-time highs (ATHs) recently, but Strategy still seems to be in accumulation mode as it...

Keshav Verma 3 hours ago
memecoins, crypto, trump, memecoin

Top Crypto Exchanges Made $172 Million From TRUMP Memecoin Listing – Report

A recent report has found that US President Donald Trump’s official memecoin, TRUMP, had a faster listing process on crypto...

Rubmar Garcia 5 hours ago
Solana

Solana (SOL) Pulls Back — Can Buyers Defend The $155 Line?

Solana started a fresh increase above the $160 zone. SOL price is now correcting gains and might find bids near...

Aayush Jindal 6 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Coinbase

Coinbase: A Surprising Champion Of The Trump Trade, Eyes New Stock Records

Ronaldo Marquez 1 hour ago

Vaļi ir atgriezušies mēmu monētās pēc Bitcoin jaunā visu laiku augstākā līmeņa – Telegram bots mēmu monētu meklēšanai

lasma 1 hour ago
Ethereum Price Drops After Bullish Attempt

Ethereum Shorts Reach Record Levels, How To Stay Positioned For A Breakout

Scott Matherson 2 hours ago

Premium Sponsors

Press Releases

  • Тези 3 монети под $1 могат да превърнат инвестиция от $200 в $2 милиона до 2027 година

    Тези 3 монети под $1 могат да...

    13 minutes ago
  • Synthetic Darwin Introduces Breakthrough AI With Israeli...

    22 minutes ago
  • Memecoins sao ativos inspirados na cultura digital

    Floki, SPX, Bonk Tăng 10% Giữa Cơn Sốt Meme Coin –...

    1 hour ago
  • Tieto 3 coiny pod 1 $ môžu premeniť investíciu 200 $ na 2 milióny do roku 2027.

    Tieto 3 coiny pod 1 $ môžu premeniť investíciu 200 $ na...

    1 hour ago
  • BTC Vượt $120K – Các Đồng Coin Tiềm Năng Nào...

    1 hour ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.