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Dr. Jeff Ross Predicts Economic Growth Will Boost Bitcoin Prices
In a recent analysis, Ross discussed the impact of fiscal and monetary stimulus since 2020 on market cycles. He stated that the U.S. economy has not operated normally post-COVID, attributing this to central bank interventions and government spending. He argues there is no true recession, only delayed economic cycles.
Key points include:
- Positive forward indicators emerging
- U.S. manufacturing shows signs of revival based on PMI data and new orders
- Expectations for growth in risk assets like Bitcoin
- Concerns about U.S. energy and manufacturing vulnerabilities compared to China
- Optimism in AI, robotics, and Bitcoin as transformative forces
- Liquidity is the main driver for Bitcoin's price movement
- Expectation for Bitcoin to reach new highs by 2026
- Potential structural unemployment from AI-driven manufacturing advancements
Ross maintains a bullish outlook for the short- to mid-term, asserting that the economy is poised for significant growth, which will benefit Bitcoin.