Delphi Digital reports: loose monetary policy may be the most important macroeconomic factor affecting BTC prices

A new report by digital asset research firm Delphi Digital describes the current trends in the global economy, which could lead to a "perfect storm" in bitcoin prices. According to Delphi Digital's latest report, factors such as loose monetary policy and the recent economic recession, the “digital gold” theory surrounding Bitcoin is more meaningful than ever. However, if the global economy is in recession, it is not known what happens to the price of Bitcoin. The report said that loose monetary policy may be the most important macroeconomic factor affecting bitcoin prices. The report also said: "The rise in the risk of currency depreciation, especially the rise in the risk of depreciation of the reserve currency, is a longer-term catalyst that should push Bitcoin and gold higher together." Delphi Digital said the positive price of Bitcoin in 2019 The performance is due to the fact that this crypto asset is expected to act as “digital gold” in the event that the world's major fiat currencies depreciate further during the economic downturn.