According to Matrixport analysts, easing the Fed’s monetary policy will have a positive impact on the medium-term prospects of Bitcoin. The largest digital currency will soar to $36,000.

The Federal Reserve's abandonment of a tight monetary policy will be one of the leading drivers of the new rally.

The Matrixport report said that an important signal was that after the interest rate hike on May 3, BTC not only did not lose value, but also jumped above $29,000.

Investors have supported the cryptocurrency as this instrument can be considered as a safe-haven asset. Already in the current cycle, Bitcoin has a good chance of jumping to $36,000. The banking crisis in the United States is fueling traders’ interest in alternative instruments, including gold and digital currency.

Stimulating business activity by injecting large capital into the economy will lead to the entry of capital into the technology sector, and BTC will be able to accumulate part of the allocated funds, the authors of the report emphasized.