Bloomberg expert analyzed the dynamics of bitcoin

Over the past few weeks, Bitcoin has strengthened the position by almost 15%. However, at the moment, coin quotes stubbornly cannot gain a foothold above the level of $ 85,000. This causes fears among many experts, including Mike MacGlound, senior Bloomberg strategist. The specialist believes that in the near future the main digital coin will continue to demonstrate weak indicators. Donald Trump, although postponing the introduction of duties for a number of countries for 90 days, the uncertainty in the international trade segment remains very difficult.

This is primarily due to the fact that the United States and China went for a clear confrontation. And now there is no reason to say that one of the parties can go for weakening. In such conditions, investors concentrated on traditional assets, and the demand for high -risk tools was significantly sagged. Recently, gold reached the absolute maximum $ 3115, adding almost 20% in a cost from the beginning of the year.

According to Mike McGlound, the confident growth of the precious metal is due to geopolitical tension, as well as the fears of investors in the development of a recession in the global economy.

At the same time, there are high chances that the trade confrontation will provoke a sharp increase in global inflation. And if such a scenario is implemented, then you should not count on the softening of the FRS monetary policy in the foreseeable perspective.

Moreover, there is information that Donald Trump is considering the opportunity to dismiss Jerome Powell from the post of chairman of the federal system. Earlier, several officials reported this at once. The US presidential administration did not directly confirm this information, however, it was not denied. According to a number of experts, such a step will provoke significant turbulence in the global market.

Author

Andrey Alexandrov