The K33 Research recalled the stability of the first cryptocurrency during the April correction.
“The balance between the potential strategic reserve in Bitcoin and the negative long -term impact of income tariffs and employment indicates stronger fundamental factors for the first cryptocurrency compared to shares. The shares can again survive the April chaos after the end of the delay in tariffs, which forms the prerequisites for strengthening the position of Bitcoin, ”experts explained.
They recalled that at the end of July, an 180-day period for developing a regulatory framework for cryptocurrencies, as well as evaluating the possibility of creating a “strategic national stock of digital assets”. During this period, increased volatility of bitcoin is possible.
Experts drew attention to the fact that the elimination of short positions by traders ended, which is a constructive indicator for bitcoin in the medium term. Now the market has entered a period intended for traveling, after cryptocurrency has withheld the key support level above $ 80,000.
Earlier, the Bernstein investment-Broker company said that until 2029 large companies will be directed to Bitcoin investments and its derivatives about $ 330 billion. This will be an important driver in the growth of the entire cryptocurrency market.
Source: Bits

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