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: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • 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: Coinbase Confirms DOJ Investigation Following Major Security Incident

Central Banks’ “Free Money” is Behind Bitcoin Bull Run: Mati Greenspan

Yashu Gola
Yashu Gola
1 year ago
2 mins read

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.

A portion of fresh cash liquidity supplied by the global central banks has made its way into the bitcoin market, says Mati Greenspan, the founder of Quantum Economics.

The prominent market analyst told BlockTV that the cryptocurrency – more or less – behaved like stocks as it rose from $6,430 to well above $10,000 in just three months. He said central banks injected “free money” into the market to safeguard it from potential geopolitical and macroeconomic conflicts. However, some investors directed the funds into bitcoin.

“The People’s Bank of China has already injected some $170 billion into its economy,” explained Mr. Greenspan. “The [Federal Reserve] has recently resumed its quantitative easing, so as the European Central Bank.”

He noted that central banks are giving markets “free money with low-interest rates,” which explains why stocks are rising despite the risks associated with the Coronavirus outbreak. The same fundamental is helping Bitcoin, as well as the rest of the cryptocurrency market.

Coronavirus?

Mr. Greenspan’s statements came after a string of reports stating how fears of a full-fledged Coronavirus outbreak led risk-on investors to the safety of hedging assets, including bitcoin. Moreover, the sentiment borrowed its cues from bitcoin’s immediate reaction to the US-Iran geopolitical conflict that made it a digital equivalent of Gold, a traditional haven.

But Mr. Greenspan partially disagreed. While the analyst acknowledged the US-Iran tensions to spark the bitcoin price rally in January, he rubbished Coronavirus’ impact on the cryptocurrency altogether, citing stock markets that also rose in tandem in 2020.

“The evidence of that is the altcoin season,” said Mr. Greenspan. “Altcoins are outperforming bitcoin consistently on a day-to-day basis pretty much since the beginning of this year […] It means investors are looking to take risks, which is pretty much different from safe-haven trading.”

On Bitcoin’s Big Bullish Indicator

The solid fundamentals led by the central banks’ easing policies helped bitcoin flip its negative technical indicators upside down. Mr. Greenspan said the ongoing price rally is likely to continue for the rest of 2020, giving ample evidence to answer the hows and whys.

cryptocurrency, bitcoin, crypto
Golden Cross Formation imminent | Source: TradingView.com, Coinbase, Mati Greenspan

“We are well above the 200-day moving average and we all know how [it] is one of the leading indicators for gauging bitcoin’s strength,” said Mr. Greenspan. “And we’re looking at the 50-day moving average crossing above the 200-day moving average – that’s what we call a Golden Cross, which is a very bullish sign.”

https://twitter.com/BLOCKTVnews/status/1227205922931367936

Bitcoin was trading 3.40 percent lower from its local high above $10,000 as of the time of this publication.

Tweet123Share244ShareSend
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 Battles Key Support: Daily EMA-100 Must Hold to Prevent Deep Correction

Bitcoin Battles Key Support: Daily EMA-100 Must Hold to Prevent Deep Correction

Bitcoin briefly fell below the critical $100,000 level over the weekend, reaching a low of approximately $98,200 and triggering a...

Sebastian Villafuerte 5 hours ago
Solana vs Ethereum

Solana alebo Ethereum – ktorá kryptomena má väčšiu šancu urobiť z vás milionára?

Investori, ktorí v kryptomenách hľadajú život meniace zisky, sa často ocitajú pred známou dilemou. Na jednej strane stojí Ethereum –...

Kováč Martin 5 hours ago
Bitcoin

Bitcoin Dominance Hits New Cycle High Above 66% – How This 4-Year ATH Affects Altcoin SeasonBitcoin Dominance Hits New Cycle High Above 66% – How This 4-Year ATH Affects Altcoin Season

The Bitcoin dominance has hit a new cycle high, providing a bearish outlook for altcoins and any potential altcoin season....

Scott Matherson 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

BNB

The BNB Paradox: Bearish Breakdown Meets Bullish Flag, Which Will Prevail?

Godspower Owie 41 minutes ago
XRP

XRP Price At Risk Of 20% Crash To $1.55 If This Level Fails To Hold

Scott Matherson 2 hours ago
Dogecoin price news

Dogecoin Crash Far From Over? Analyst Reveals The Target

Jake Simmons 3 hours ago

Premium Sponsors

Top Brands

Press Releases

  • Global mining has no boundaries! ETHRANSACTION supports...

    2 hours ago
  • Dogecoin Mining’s New Era: How HashJ Cloud Mining Turns...

    4 hours ago
  • ico 仮想通貨注目!Solana価格急落でもSolaxy(SOLX)ico 仮想通貨プレセール残りわずか数時間

    ico...

    4 hours ago
  • Solaxy SOLX

    ...

    4 hours ago
  • Bitcoin

    ...

    4 hours 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.