Economist Timothy Peterson argues that the U.S. Federal Reserve’s tight monetary policy is hindering Bitcoin’s growth potential this year. In recent statements shared on X (formerly Twitter), he contends that Bitcoin prices are potentially 50% lower than they would be if the Fed had implemented a softer landing for the economy. 30%-50% higher prices may be achievable, according to Peterson, based on macroeconomic analyses of liquidity and market cycles. 2018 bear market fears are also emerging as investors anticipate prolonged economic uncertainty. Tight monetary policy could hinder Bitcoin’s growth trajectory and potentially prevent it from reaching $70,000 in price, according to Peterson’s analysis. Peterson highlights the impact of limited market liquidity on Bitcoin’s performance, with the Federal Reserve’s policies impacting broader economic conditions and potentially shaping future Bitcoin trends. His expert insights provide valuable perspectives for those navigating the cryptocurrency domain.