Raul Pal, CEO of Real Vision, says that the poor dollar of the United States can increase the encryption market in the second quarter of the year, as Bitcoin jumps about 4 % over the past 24 hours with Greenback continued to slip.
“With the dollar, the price and oil is headed less (all the goals specified for BESSENT), financial conditions are now working to reduce the rapid risk assets and lead by two months,” PAL. He said In the publication of March 5.
It comes only one day after US Treasury Secretary Scott Payette Express His vision to reduce interest rates in the United States.
Q2 can be an upper encryption
He said: “You must refer to a good Q2 for technology and encryption and we hope that H2 2025 will also be as these trends continue.” Since 2013, the second quarter has been the third best in Bitcoin on average, with 26.89 % returns, According to To Coinglass.
Bitcoin is trading at $ 91,860 at the time of publication. source: Coinmarketcap
Among all three factors, the US dollar is the most important factor in the encryption market. When the dollar weakens, investors often search for alternatives, such as encryption assets, to protect their wealth.
Since February 5, the US dollar index (DXY) – which tracks its strength against the main currency basket – has decreased by 2.79 % to 104.270, According to To TradingView Data.
DXY has decreased 2.79 % over the past five days. source: Tradingvief
Meanwhile, Bitcoin increased by approximately 6 % on the same time frame, trading $ 91,860, According to To CoinmarketCap data.
Bitcoinsensus He said In a publication on March 5, “Historically, the” DOXY “dancer means one thing, the bullish bitcoin in the long term if Drop continues in the coming weeks.”
Related to: Bitcoin price risk correcting 72 thousand dollars, with an investor morale weakened
This was seen just a few years ago during the Covid-19-19-motivation and price discounts led to the weakest USD, investors turned into Bitcoin, and its price rose from $ 5,000 in March 2020 to more than 60,000 dollars by April 2021.
Analysts repeated the warning again when Donald Trump was elected as an American president in November, as the US dollar rose to its highest annual levels.
At that time, Jimmy Cots, Vision Real Vision analyst, said, “The macro background has been strained. The power of the dollar is not good for Bitcoin.”
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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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