Macro-economic factors have been constantly Bitcoin (CRYPTO: BTC) prices higher as softer market data leads the Federal Reserve to maintain interest rates. This makes Bitcoin an attractive asset for macro investors and hedge funds.
As reported by Kitco, Mathieu Ziaei, portfolio manager and risk officer at Criptonite Asset Management, states, “Adding these thoughts with the fact that Bitcoin owners have such strong convictions in their asset, that 88.5% of hZenger News haven’t moved any Bitcoin in the past three months — a period in which Bitcoin has gained more than +44% amidst a broader trend of being up +110% YTD. This might just be a warm-up to what comes next.”
