ChainCatcher said Bitcoin Magazine cited a Fox Business report arguing that Bitcoin could serve as a hedge against a weaker U.S. dollar. The comments noted that market demand may rise once Bitcoin starts moving higher and returns to mainstream discussion. The report also said Bitcoin has climbed 20%, linking its performance to the dollar and to attention from mainstream markets.
ChainCatcher said Bitcoin Magazine cited a Fox Business report arguing that Bitcoin could serve as a hedge against a weaker U.S. dollar.
The comments said it may be enough to wait for Bitcoin to start rising. Once the move begins and Bitcoin returns to mainstream discussion, demand for the asset is expected to increase.
The report also said Bitcoin has gained 20%.
It ties Bitcoin’s performance to the dollar’s move and to the level of attention it receives in mainstream markets.
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