Bitcoin shoots up to US $ 96,000, on a day with a majority of rings for cryptocurrencies

Bitcoin shoots up to US $ 96,000, on a day with a majority of rings for cryptocurrencies

Experts argue that, as well as gold played new historical maximums before the search for refuge for the commercial war, the same could happen with the BTC.

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Cryptocurrencies operate with a majority of increases this Thursday, May 1, highlighting the Bitcoin increase, which exceeds US $ 96,000. Experts argue that, as well as gold played new historical maximums before the search for refuge for the Commercial Warthe same could happen with him BTC.

According to the Brazilian Investment Company, HashdexBitcoin could be following the same path as the gold as Value Reserve Active in the middle of a volatile macroeconomic context. In a recent report, the company emphasizes that “As digital assets continue to gain global legitimacy, Bitcoin becomes positioned by gold as a modern alternative of value reserve.”

In that framework, Foreign central banks reduced their US treasure bond holdings to 23%, a minimum of 22 years, while gold reserves reached 18%. It should be noted that Bitcoin shot at 2020 of US $ 9,000 au $ 60,000 amid similar trends, which suggests a similar result in 2025.

However, Bitcoin’s upward narrative could stagger if world markets enter recession in 2025. This is due to the decision of investors to prioritize traditional liquidity and refuge assets such as cash or US Treasury Bonds. During economic recessions, as noted last week, compared to speculative assets such as Bitcoin.

Source: Ambito

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