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Grayscale: If the dollar weakens and interest rates continue to fall, it will be good for Bitcoin
2024-09-04 10:38:58
Odaily News The Grayscale Research team recently published an article stating that if the dollar weakens and interest rates continue to fall, it will be good for Bitcoin. Because like physical gold, Bitcoin is an alternative currency system that competes with the US dollar in the international market. And it believes that the main downside risk to crypto valuations is a further increase in unemployment and a possible recession. Therefore, investors should pay close attention to upcoming labor market data, including the next monthly employment report scheduled for release on September 6. However, even if there is a risk of recession, Grayscale Research believes that there is little tolerance for a deep economic downturn, and policymakers will start to release water and promote consumption at the first sign of problems. The lack of discipline in monetary and fiscal policies is one of the reasons why some investors choose to invest in Bitcoin. Therefore, periods of economic weakness may highlight the long-term investment value of Bitcoin.