BTC rises 70% compared to last year... Political uncertainty & Fed inflation policy will drive BTC price rise

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De Beer Group, a global financial advisory firm, has predicted that Bitcoin should be paid attention in 2020. We have come up with a more detailed price analysis of Bitcoin, which is already in the limelight as an investment asset. Above all, the focus is on political and economic uncertainty.

Preference for safe assets... What kind of assets do the times want?

The CEO of financial advisory firm Devere Group argued that the 2020 U.S. presidential election and the weak dollar will make Bitcoin a breakthrough in the bulls. Amid political uncertainty and the Fed's new inflation policy, investors will see safe assets unrelated to certain countries, such as Bitcoin, he explained.

De Beer Group CEO Nigel Green predicted that last week's US presidential election and a weak dollar would drive bitcoin prices up during 2020. It also warned against investing in the stock market as the Fed changed its inflation policy. Founded in 2002, the De Beer Group is one of the world's top-rated financial advisory organizations, with more than $10 billion in investments from 80,000 clients in 100 countries.

Nigel Green emphasized that Bitcoin is already one of the top performing assets this year and has increased by about 70% year-on-year. In particular, with increasing uncertainty, investors strongly urged that they will turn to safe assets, especially those that are not relevant to certain countries, such as Bitcoin and Gold.

According to Green, Bitcoin is currently gaining a reputation as a form of digital gold, and so far precious metals have been recognized as the ultimate safe asset. Sharing a key characteristic of being a store of value and scarcity, he stressed that Bitcoin is a safe measure compared to gold, which is potentially long-held in the future. It also stressed that decentralized, non-sovereign secure digital currencies, including Bitcoin, will be more attractive to investors as they provide a break in the turbulence of traditional markets.

Green also explains that the U.S. dollar may rise in the short term, but in the long run it is on a downward trajectory and ultimately loses the state of the global key currency and reserves. I got down.

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