Expert, strategic and economic analyst engineer Mohannad Abbas Haddadin said that bitcoin is setting new records, as it jumped today above the barrier of 98 thousand dollars, which has doubled in value within a year, due to the following reasons:
اضافة اعلان
First: the victory of US President Trump, who will adopt a more conservative fiscal policy in spending, which reduces the impact of inflation and makes gold less attractive as one of the safe havens.
Secondly: the entry of investment funds into trading on global stock exchanges recently and their rush to buy bitcoin cryptocurrencies.
Third: a series of interest rate cuts on the dollar .
Fourth: the BRICS has not taken any step to mint a new currency and there is talk of dealing in cryptocurrencies as an alternative to the dollar in commercial transactions between the BRICS countries in addition to local currencies between those countries.
Fifth: the entry of the heads of the boards of the largest technology companies to the new US government, which is Elon Musk, a supporter of technology, especially cryptocurrencies.
Sixth: bitcoin is considered one of the safe havens in light of the accumulation of global debts, especially for the largest economy in the world, the US economy, whose indebtedness reached 36 trillion dollars, and there are recommendations from companies with trillions assets to switch to digital currencies, namely BlackRock.
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