Grayscale said that the growing tension between the United States and other countries in the medium term will positively affect the price of the first cryptocurrency. According to experts, the dominance of the dollar as the main world reserve currency may decrease, which will create the opportunity for the appearance of alternative reserve assets on the market.
Historical experience shows that in conditions of weakening the dollar and high inflation, such trends can remain, and the first cryptocurrency can benefit from the macroeconomic background, analysts explained.
The rapid improvement of market infrastructure, supported by changes in the policy of the US authorities, can stimulate the growth of the number of investors in the first cryptocurrency in the next few months, said in Grayscale.
Earlier, the head of the Standard Chartered digital asset research department Jeoffrey Kendrick declaredthat 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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