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Mizuho analyst: Rising unemployment leads investors to sell cryptocurrencies
2024-08-03 02:45:05
Odaily News In response to the decline of Bitcoin in recent days, Dan Dolev, senior analyst at Mizuho Securities, said that Bitcoin is not yet the safe-haven tool that people hope for. If unemployment rises and people lose their jobs, investors will have to cash out their tokens. Matthew Graham, founder and managing partner of Ryze Labs, said that several factors are affecting the price of Bitcoin in the short term, including the possibility of lower interest rates, the possibility of Trump winning the upcoming election, and the potential impact of the Harris administration's reform of cryptocurrency policy. The market is keenly evaluating the possibility and potential consequences of such a policy shift. (Bloomberg)