Bitcoin (BTC): these factors that could influence the rise in prices

Unlike most digital assets, bitcoin (BTC) has been riding the bear market for several months. And the general feeling aroused by this trend among many analysts is that the asset would be dynamic, for a long time to come. There would be a bundle of clues that could help materialize this perspective.

Some Driving Forces Could Boost Bitcoin Price Rise

Recently, investor Ray Dalio took a stand against bitcoin’s status as a store of value like gold. As relevant as it is, his analysis is defeated. Notably by Jurrien Timmer, executive at Fidelity Investments.

In a tweet, the latter delivered his analysis on this. She suggests that there would be elements that made the rise of assets like bitcoin and gold possible. The expert mentions in particular the euphoria aroused by these assets among investors.

Indeed, to explain its recent surge, for example, several analysts had pointed to the financial nature of BTC. The latter, they explained, would have acquired a reputation for storing value. Beyond that idea, Timmer points to other arguments for a possible potential rise in bitcoin and gold prices.

Potential financial repression is one of them. As in the 1940s, the analyst believes that American leaders are in circumstances where controlling debt will be a priority.

To do so, they will seek to activate all possible levers to limit indebtedness in order to be financially balanced. It is therefore not excluded that they try, for example, to maintain artificially low interest rates.

If we add to these elements, the current macroeconomic circumstances of the US economy, among others, the game is done. Nothing should in principle prevent bitcoin, like gold, from reaching new highs.

Let’s add that many experts have already pointed out that bitcoin, in particular, could benefit from the announced end of the dollar. An end which according to many is certain to a certain extent. This is all the more so as the Federal Reserve (Fed) tends to lose its autonomy.