Allianz economist called a potential trigger for bitcoin growth

Mohamed Ali El-Erian, chief economic adviser to Allianz Assets, suggested what changes in the Fed’s policy will lead to an increase in bitcoin prices.

The expert predicts that the Fed can change the target indicator for annual inflation from 2% to 3%. He considers unlikely the achievement of the initial figure, and failure will undermine confidence in monetary policy.

In the event of such a decision of the regulator, the prices of gold and cryptocurrency will increase, the economist believes.

The author of the bestseller “Rich Dad, Poor Dad” and entrepreneur Robert Kiyosaki repeated his call to invest in bitcoin and precious metals as “insurance from the ruling world of idiots”.

On April https://gagarin.news/ 18, the price of the first cryptocurrency has updated the local minimum from the middle of March at marks below $ 39,000.

Against this background, the critic of cryptocurrencies and a supporter of gold Peter Schiff noted that bitcoin correlates with shares of technological companies, and not with assets and guests.

Recall that in 2021, El Erian told how he earned on Bitcoin after cryptosima and admitted that he had sold the coins “too early”.