Bitcoin prices are scheduled to continue with the US dollar weakened

Bitcoin returns today because it trades about $ 100,000 after exposed fears of encrypted “infection”. Currently, BTC is trading for $ 93,704, after getting 6.39 % over the past 7 days.

The price of Bitcoin extends exactly, and the recent federal reserve warning about the US dollar can pave the way for “Megaforce”.

The federal reserve, which controls the dollar, is trying to keep it strong. But now, pressure from President Trump and changes in global trade rules makes the dollar weaker.

Deutsche Bank wrote that “pre -conditions are now present” for a major decline in dollar. They warned that there are high risk of market disturbances due to every uncertainty. Goldman Sachs also said that the weakness of the dollar was “here to survive,” according to Forbes report.

In response, investors are increasingly turning into Bitcoin. Last week alone, people put $ 3.4 billion in investment products in Crypto, including the Bitcoin Investment Funds. This was the third largest week of encryption investments, according to Coinshares.

James Bouteville, head of research at Coinshares, said that due to concerns about the weakest definitions and dollars, more investors believe that Bitcoin is a safe place to put their money.

“We believe that concerns about the impact of customs tariffs on corporate profits and the dramatic weakening of the US dollar are the reasons that turn investors towards digital assets,” he said.

In addition, large institutions have also become more serious in Bitcoin. Blackrock, the world’s largest asset manager, is famous for managing more than $ 10 trillion world

Jay Jacobs, head of topics and active investment funds in Blackrock, said that the world is entering a time of “geopolitical fragmentation”, and Bitcoin will become more important because people want unrelated assets to any one country.

He said that Bitcoin is behaving now more like an independent origin, and does not move up and down with technology shares as before.

Even Larry Fink, CEO of Blackrock, changed his position on Bitcoin. He recently admitted that he was wrong in the past and now believes that Bitcoin is “digital gold”.

With the rise in dollars and global tensions, Bitcoin receives more attention from investors everywhere. Many experts believe that the highest new level ever in Bitcoin is “imminent” and can happen very soon.

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