The Bitcoin price could be on the verge of a major surge as new discussions from market watchers warn that the next big print from policymakers is inevitable. They point to key catalysts, including geopolitical tensions, banking stress, and more, that could trigger this move. Once it unfolds, Bitcoin is projected to explode in value, driven by adoption from both institutions and retail investors.
Why Experts Say A Big Print Is Coming
On March 29, LG Doucet, host at the crypto media company Milk Road, interviewed John Haar, managing director at Swan Private, on YouTube. During the discussion, Doucet asked Haar about the current market conditions that trigger another large-scale printing event.
Related Reading
Haar noted that there have been two major prints in most people’s adult lives, the most recent occurring during the COVID-19 pandemic. He explained that at the time, many people began adopting Bitcoin as a monetary and fiscal response to the global crisis, likely seeing the leading cryptocurrency as a hedge against inflation.
In the interview, Haar stated that “it’s only a matter of time before the next big print.” While he did not provide a specific date for when this could happen, the Swan Private managing director expressed confidence that a large-scale printing event is inevitable.
Haar outlined nine catalysts that could trigger a potential big print. First, he pointed to a large-scale geopolitical war or military mobilization as a major factor. He emphasized, however, that the ongoing conflict between the US and Iran does not yet qualify as a big-print catalyst, unless the war escalates significantly.
Another key catalyst, according to Haar, is AI-driven labor displacements, which he believes could lead to the passage of a substantial new spending bill. He also highlighted the risk of state budget collapses or the need for federal or private credit bailout. Additionally, Haar warned of potential pension system insolvencies and regional banking sector crises, similar to those seen in 2023 following the collapse of major banks such as Silicon Valley Bank.
Looking ahead, Haar also highlighted other big print catalysts such as a structural expansion of entitlements, including Social Security, Medicaid, Medicare, and student loan forgiveness. Finally, he noted that a major climate event or natural disaster could trigger a big print. Haar emphasized that any of these scenarios, or a combination of them, could occur within the next 3 to 24 months.
How This Affects The Bitcoin Price
During the interview, Doucet asked how large-scale adoption could affect cryptocurrencies, specifically Bitcoin. Haar noted that during such events, adoption of Bitcoin rises as investors tend to allocate more to the cryptocurrency than to other asset classes. He noted that asset classes like real estate are slow to sell and are not easily traded, while private equity is harder to access.
Related Reading
For his long-term projection, Haar forecasts that Bitcoin could hit $1 million per coin between 2030 and 2035 regardless of a big print. He also noted that, over the next few years, institutional adoption of Bitcoin will be gradual but steady, likely driving its valuation upward.
Featured image from Pixabay, chart from Tradingview.com