Bitcoin becomes increasingly attractive during global trade wars. Experts predict a new ATH in the coming weeks.
Bitcoin is becoming increasingly attractive against the backdrop of the trade wars triggered by the US.
Analysts are not ruling out a new market shock due to Trump's actions, but are confident that a new ATH will be reached in the "coming weeks".
Bitcoin is countering unscrupulous governments with a strong correlation between economic instability and cryptocurrency growth. This was stated by the head of research at CoinShares, James Butterfill, as reported by The Block.
The expert pointed out that digital gold has unique network effects that other currencies do not possess.
"The dollar is losing its status as a global reserve asset. Bitcoin becomes attractive if more regulations such as IEEPA are introduced, potentially undermining the national currency,' he explained.
The publication pointed out that the US president's 'tariff policy' will accelerate the shift to hard, non-state instruments, such as the first cryptocurrency, as investors look for alternatives amid rising trade tensions.
'The asset freeze is not limited to the borders of one country, but can be cross-border. Donald Trump has life or death power over all nations. The arbitrary use of such laws to legitimise unconventional tools will only increase the global divide with the US and undermine long-term confidence in the dollar," explained Jiang Jinjie, president of Muse Labs.
Crypto derivatives trader Gordon Grant agreed that US sanctions could lead to a devaluation of the dollar against 'hard' assets.
"The dollar still acts as a safe haven, but at some point in the medium to long term, will people still want to buy it considering the risks identified by IEEPA?" he wondered.
New "Surprises" from Trump
Bitfinex pointed to "new macroeconomic news" as a potential driver for Bitcoin in the near future.
According to the exchange, in the context of the turbulence caused by Trump's actions in foreign trade, the stability of the asset demonstrates the relative strength of the cryptocurrency.
The experts do not rule out that the prices may experience a "jolt" due to "another scary event", but they anticipate significant price growth in the future. This will be facilitated by the revelation of the US government's plans on Bitcoin, they added.
"Since mid-November, the asset has traded in a 15% range. Two distinct peaks have formed near $108,000. Such sideways movements usually resolve in one direction or the other within 80-90 days. In other words, in the next few weeks, Bitcoin could experience a decisive movement in prices," the experts concluded.
Analyst Thomas Farrer predicted a rate hike of $50,000 in a single minute when US authorities confirm the creation of a reserve in the first cryptocurrency.
The day the US government announces they are buying bitcoin, the price will go up $50,000 in a single 1 minute candle. Do not get caught short.
In February, MN Trading founder Michael van de Poppe predicted high volatility in the early cryptocurrency market and pointed to a possible ATH within a month.
Previously, Standard Chartered had announced growth forecasts for Bitcoin of between $112,000 and $130,000 in the short term.
Bitcoin is becoming increasingly attractive against the backdrop of the trade wars triggered by the US.
Analysts are not ruling out a new market shock due to Trump's actions, but are confident that a new ATH will be reached in the "coming weeks".
Bitcoin is countering unscrupulous governments with a strong correlation between economic instability and cryptocurrency growth. This was stated by the head of research at CoinShares, James Butterfill, as reported by The Block.
The expert pointed out that digital gold has unique network effects that other currencies do not possess.
"The dollar is losing its status as a global reserve asset. Bitcoin becomes attractive if more regulations such as IEEPA are introduced, potentially undermining the national currency,' he explained.
The publication pointed out that the US president's 'tariff policy' will accelerate the shift to hard, non-state instruments, such as the first cryptocurrency, as investors look for alternatives amid rising trade tensions.
'The asset freeze is not limited to the borders of one country, but can be cross-border. Donald Trump has life or death power over all nations. The arbitrary use of such laws to legitimise unconventional tools will only increase the global divide with the US and undermine long-term confidence in the dollar," explained Jiang Jinjie, president of Muse Labs.
Crypto derivatives trader Gordon Grant agreed that US sanctions could lead to a devaluation of the dollar against 'hard' assets.
"The dollar still acts as a safe haven, but at some point in the medium to long term, will people still want to buy it considering the risks identified by IEEPA?" he wondered.
New "Surprises" from Trump
Bitfinex pointed to "new macroeconomic news" as a potential driver for Bitcoin in the near future.
According to the exchange, in the context of the turbulence caused by Trump's actions in foreign trade, the stability of the asset demonstrates the relative strength of the cryptocurrency.
The experts do not rule out that the prices may experience a "jolt" due to "another scary event", but they anticipate significant price growth in the future. This will be facilitated by the revelation of the US government's plans on Bitcoin, they added.
"Since mid-November, the asset has traded in a 15% range. Two distinct peaks have formed near $108,000. Such sideways movements usually resolve in one direction or the other within 80-90 days. In other words, in the next few weeks, Bitcoin could experience a decisive movement in prices," the experts concluded.
Analyst Thomas Farrer predicted a rate hike of $50,000 in a single minute when US authorities confirm the creation of a reserve in the first cryptocurrency.
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In February, MN Trading founder Michael van de Poppe predicted high volatility in the early cryptocurrency market and pointed to a possible ATH within a month.
Previously, Standard Chartered had announced growth forecasts for Bitcoin of between $112,000 and $130,000 in the short term.
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