According to analysts, the correlation of bitcoin with traditional finances tends to grow during acute stress in the markets, but then decreases as the conditions are normalized.
“Macroeconomic factors – in particular, trade policy and expectations of bets – more and more determine the behavior of the cryptocurrency market, temporarily overshadowing the basic dynamics of demand,” the report said.
Despite the short -term fluctuations, Bitcoin has the opportunity to confirm its more independent macro -identity. If the US Federal Reserve (Fed) will begin to reduce the rate, and inflation will remain high, the first cryptocurrencies can attract interest from investors, experts say.
A long trading war will check the stability of the cryptor. A decrease in venture financing in industry and the departure of a number of funds into physical gold is expected. In the next few months, it is necessary to monitor the basic inflation and the policy of world central banks in order to evaluate the prospects of bitcoin and other digital assets, analysts summed up.
Earlier, the head of the Standard Chartered digital asset research department, Jeoffrey Kendrick, said that bitcoin is able to act as a hedge of risks that intensified due to the US trade war with the rest of the world.
Source: Bits
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