What could be the outlook for bitcoin against this powerhouse over the next few weeks?.
Crazy Debasement – But It’s Still King
Many wondered if this would still be the case, given that the dollar and all other fiat currencies have increasingly been debased, especially since the Covid pandemic, vastly reducing the purchasing power of the average citizen. Bitcoin is still not understood by the vast majority of the market, and together with its high volatility it is deemed a high-risk asset. Therefore as these economic times get increasingly uncertain, investors will divest themselves first of what they perceive as their highest risks, and bitcoin will probably fall into that category. This is where, at least for the short-term, bitcoin may well buck the trend.
Source: LAURIE DUNN | CRYPTODAILY.CO.UK
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