In recent years, analysts are increasingly arguing that Bitcoins in the coming years of US President Donald Trump are increasingly convincing that Bitcoin is now more willing to challenge the American dollar.
“Bitcoin with a higher chance will survive the dollar in our lives today,” Bitise Invest Head of Alpha Strategies Jeff Parks he said In the post of April 9.
Investors will not be without any other option except Bitcoin, says Crypto Exec
“For the first time the thought hit me and did not feel like a theory, but the actual truth that I can struggle with,” added Parks.
BitWise CEO Hunter Horsley common A similar view, noting that with confidence in the disappearance of the American dollar and other foreign currencies perceived as “even weaker” investors have fewer choices.
He argued that gold, usually perceived as a secure port among uncertainty, also has disadvantages related to shipping and storage and suggested that Bitcoin may be the only option. “You buy you buy bitcoins,” said Horsley.
Source: Michael Saylor
The American dollar index – which follows its strength in relation to the basket of main currencies – is trading at 102.193, which is a 5.84% decrease from January 1, According to to TradingView. However, Analysts from Wall Street thought that the tariffs would strengthen the American dollar, according to the last Journal Wall Street Journal report.
On April 2, Trump signed an executive order establishing a 10% basic tariff on all imports from all countries that entered into force on April 5. More severe mutual Tariffs In connection with trading partners with whom the US have the largest trade deficits, and then began on April 9.
Uncertainty about tariffs and fears of a wider recession were the main catalysts of the wide decline in the classic and cryptographic market.
Bitcoin (BTC) has 76 301 USD, which is a decrease by 18.37% from January 1, According to For Coinmarketcap data.
Author of Bitcoin Saifedean Ammous he said In a post of April 8, that America’s problem is not with the deficit of one particular country, but with aggregated deficits around the world because of the “Fiat Money printer”.
Related: Bitcoin Weekly RSI Hits Bull Market Low, because the trader sees 70,000 USD BTC
“An increasing number of Americans can live from a cash printer, if the rest of the world uses a dollar,” said Ammious.
He argued that the real solution is to stop printing “fake money” and go to a challenging magazine of values, naming bitcoins or gold as examples.
“Another way to solve this problem would be for the world to go to a hard standard of money and stop using shit and give Trump surplus from Trump, which he thinks he wants.”
Warehouse: Bitcoin soon to $ 70,000? Crypto Baller Funds Spacex Flight: Hodler’s Digest, March 30 – April 5
This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.
