Experts at Benstein Private Wealth Management, the leading US investment and asset manager, are experts in the crypto market and bitcoin has released its final forecasts for
Analysts say that the banking crisis that emerged last month and continues today. cryptocurrencies indicated that it would have a positive impact. According to investment experts, problems in the central financial system will lead people to alternative storage tools.
Banking Problem Continues
The investment note of Gautam Chhugani and Manas Agrawal shared by CNBC includes the following prediction for Bitcoin:
“The strengthening of the safe-haven perception of cryptocurrencies may lead to the beginning of a new cycle. The difference between treasury rates and bank deposit yields shows that the problem continues.”
Experts claimed that in light of this negative expectation, the FED would have to abandon its tight monetary policy.
“When the value of the dollar drops, investors will be more interested in Bitcoin, which takes on the role of “digital gold.”
Bitcoin in 2023 Delights Its Investors
Even though the crypto money market had a tough time in 2022, the investors’ faces laughed in the new year.
Bitcoin has given its investors about 75% returns since the beginning of the year. Although there is fluctuating pricing in the current situation, it may be reasonable for the prices that have been rising since the beginning of this year to make some corrections.
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