The ongoing concerns raised by the global definitions of the American program, Donald Trump, has increasingly convinced the analysts that Bitcoin is now more than ever, the US dollar challenge in the coming years.
“A higher chance of Bitcoin alive on the dollar in our lives after today,” He said On April 9.
Investors will not be left without another option but Bitcoin, says Crypto Exec says
Parks added: “The first time that I had thought and I did not feel a theory, but an actual fact to face it,” Parks added.
CEO of Bitidence Hunter Horsley subscriber A similar point of view, noting that with confidence in the US dollar, the dollar and other foreign currencies fade “even weaker”, investors have less options.
He said that gold, which is usually seen as a safe port amid uncertainty, also has defects about shipping and storage, and ensures that Bitcoin may be the only remaining option. “It has ended with bitcoin,” Horsley said.
source: Michael Sailor
The US dollar index – which tracks its strength against a basket of major currencies – is trading at 102.193, a decrease of 5.84 % since January 1, According to To TradingView. However, Wall Street analysts were wrong in thinking that the customs tariff would strengthen the US dollar, according to the recent Wall Street Journal. a report.
On April 2, Trump signed an executive order establishing a 10 % basic tariff on all imports from all countries, which came into effect on April 5. Definitions Trade partners with the United States have the largest trade deficit on April 9.
The uncertainty about the customs tariffs and the fears of the broader recession was a major incentive for the decline in a traditional market and patients.
Bitcoin (BTC) is trading at $ 76.301, a decrease of 18.37 % since January 1, According to To CoinmarketCap data.
Bitcoin Cividian He said In a publication on April 8, the issue of America is not with the inability of a specific country, but with a total deficit all over the world due to the presence of “Fiat funds”.
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“An increasing number of Americans can live outside the money printer as long as the rest of the world uses the dollar,” Ames said.
He said that the real solution is to stop printing “fake money” and moving to a strong store of value or naming bitcoin or gold as examples.
“Another way to solve this problem is that the world moves to the difficult money standard, stop using American Chicwin, and give Trump the trade surpluses he believes he wants.”
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This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
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