Do Dogoin hint on the next step for the American economy? The strategic expert breaks it
A strategic commodity expert note that the trends of the Meme Cryptocurrency Dogoin (DOGE) can reflect larger economic transformations, especially those affected by commercial policies.
In this line, Bloomberg intelligence Mike McGlone pointed out that comparing the maximum DOGE market at Bitcoin (BTC) for gold raises questions about whether speculative assets predicted the total economic trends, in one of the x. mail On April 3.
McGlone highlighted what was called “the syndrome itself”, where Bitcoin and Dogecoin moves side by side, indicating that speculative assets interact similar to economic pressure.
He pointed out that the price of bitcoin in relation to the maximum Gold Mirors Dogecoin market, which indicates joint courses of speculation and contraction.
In parallel with the American economy, the expert suggested that the proposed definitions reduce a $ 1.2 trillion commercial deficit that could lead to fluctuations to the loyal exporters, such as speculative assets.
He said: “Dogecoin is just one.
It is worth noting that Bitcoin and Dogecoin have witnessed severe price fluctuations amid economic uncertainty about the commercial definitions of President Donald Trump, with a larger group on April 2. Consequently, investors pushed gold stability to a record exceeding $ 3,000.
The effect of Trump’s policies on the origins of risk
It was MCGLONE It was previously warned President Trump’s economic policies are trying to reset the post -World War II, as many countries have built a net export surplus with the United States.
Now, if the largest economy in the world turns towards protective trade policies, the risk assets may be the first to feel influential, which leads to increased volatility, especially in encrypted currencies.
According to the strategists, this transformation may mean the declining pressure on the inventory and continuous domination of the very speculative assets.
To achieve this purpose, digital assets may be of minimum use, such as Meme -inspired cases such as Dogecoin, the first to interact with changing capital flows.
In the same analysis, McGlone pointed out that the level of the historical resistance of Gold with a value of $ 3,000 an ounce may now move to the level of long -term support.
Therefore, this price movement may indicate an increasing journey to safety where investors seek stability amid economic turmoil. As FinBold said, McGlone expects that low risk asset prices are likely to help help the precious metal target of $ 4000.
Distinctive image via Shutterstock
