It is early to expect a bull impulse of the first cryptocurrency due to the risk of sales returned, due to the fear of the recession of the American economy, said the founder and general director of 10x Research.

Marcus Thielen said that fears about the economic future of the United States are strengthened on the market, and investors prefer to go to gold:

“The 90-day truce with duties was an attempt to stabilize the situation in the stock markets. Bitcoin is faced with significant pressure on the reduction of quotes, and he will need more time to restore the trend than previously expected. ”

However, the long -term consequences of the recession in the United States and the softening of the monetary policy of the Federal Reserve System (Fed) will have a positive impact on the course of the first cryptocurrency, the expert believes. According to him, macroeconomic uncertainty and weakening dollar create a complex background for the cryptocurrency market. The long -term prospects of bitcoin look positive, but investors should be prepared for possible volatility in the next few weeks.

Earlier, Bitwise Investment Director Matt Hawgan. reportedWhat is Bitcoin “makes a break”, preparing for unprecedented growth.