As the US Treasury shows signs of financial weakness, investors are considering new ways to safeguard against potential failure. Cryptocurrency is a potential candidate, and many have speculated on the impact this could have on the market. Depending on the magnitude of the event, analysts agree that Bitcoin prices could go as high as $35,000, or greatly exceed the current all-time high of $70,000. For this to happen though, a perfect storm needs to happen, involving retail buyers flocking to crypto, affluent buyers pushing higher prices, and generational wealth reallocation as older generations pass on inheritance to the younger generation. To further this movement, a frictionless mechanism needs to exist for people to move value and digital services around. If this is obtained, the sky is the limit for the cryptocurrency market.
Alina Sanders
- 2023-05-11
Financial Security Through Cryptocurrency
As the US Treasury shows signs of financial weakness, investors are considering cryptocurrency as a potential safe-haven in order to safeguard against a potential collapse. Depending on the magnitude of events, analysts agree that Bitcoin prices could go as high as $35,000.
