Do you think it is bitcoin rate growth? - I'm sad to say, but no, it is USD falling down. In safe haven searching the mass of excess dollars attacks everything it sees: euro, gold, silver. So bitcoin just came under hot hand. And in this time Steven Mnuchin, the US Treasury Secretary, has said about the new $1 trillion from a helicopter.
USD is losing ground totally not only as the most liquid asset, but it is putting himself at high inflation risk soon.
And what about bitcoin, the scenario of a sharp falling to about $3000 is not cancelled. The bullrun will not be soon. A total collapse of the stock market and its falling to the bottom of hell (cumulative drop of more than 8 times imho) will touch everything around: both gold and bitcoin. However both will have restored and increased their value, but the stock market will have never.
And BTC/USD has become bad manners I think. Let's counting bitcoin in gold, but it is a pity that the exchanges are not ready again as it was when Petrodollar died
To the question in your title, my Magic 8-Ball says:
Hi! I'm a bot, and this answer was posted automatically. Check this post out for more information.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit