Ben Simpson, founder of Collective Shift, a crypto education platform, said that with the end of the German "forced sell-off" and Mt. Gox repayments almost priced in, analysts believe that the accommodative macro environment will be the driver of bitcoin prices in the coming months. He believes that Jerome Powell hints that interest rates may be lowered in the near future, the S & P 500 Index hits a new high, and a large number of bitcoin ETF funds are all positive for bitcoin.