Will the Holiday Season Bring Gifts or a Lump of Coal for Bitcoin Investors?
If inflation continues to climb at current rates or faster, “you’re going to see, I think, some panic selling,” Moya predicts. “Typically, when we have a major risk reversal on Wall Street, because bitcoin has been one of the most profitable trades out there, you’ll probably see some weakness. So, at some point, within the next few months, you’ll have a decent pullback, maybe 10% or possibly 20%. But then I think ultimately, the long-term bullish trend will reassert itself.”