Real Vision CEO Raoul Pal said the weakening of the United States dollar could lead to a crypto market boost in the second quarter of the year, with the jumping of Bitcoin almost 4% in the past 24 hours as the greenback continued to slide.
“In dollars, oil -led rates and oils (all of the specific goals of the bessent), financial conditions are fasting and leading to risk ownership of several months,” Pal Says In a post of March 5 x.
It just came one day after US Secretary of Treasury Scott Bessent stated His vision to reduce US interest rates.
Q2 can be bullish for crypto
“A good Q2 should be signed for tech and crypto and hopefully H2 2025 as these trends continue,” he said. Since 2013, the second quarter has been the third best bitcoin quarter on average, with a return of 26.89%, According to In coinglass.
Bitcoin traded at $ 91,860 at the time of publication. Source: CoinMarketCap
Pal said that for all three reasons, the US dollar was the most critical factor in the crypto market. When the dollar is weakened, investors often seek alternatives, such as crypto assets, to protect their wealth.
Since Feb. According to In tradingview data.
DXY has dropped 2.79% in the past five days. Source: Tradingview
Meanwhile, Bitcoin reached about 6% at the same frame time, trading at $ 91,860, According to In CoinMarketCap data.
Crypto trading resource account bitcoinsensus Says In a post of March 5 X, “History, a bearish DXY means something, Bullish Bitcoin Long Term if the drop will continue in the coming weeks.”
Related: Bitcoin price risks are correction to $ 72k while weakening the investor’s feelings
It was seen only a few years ago during the Covid-19 Pandemya-Simulus and Reduction rate led to a weaker US dollar, investors turned to Bitcoin, and its price advanced from $ 5,000 in March 2020 to More than $ 60,000 in April 2021.
The analysts reiterated the warning when Donald Trump was elected as President of the US in November, as the US dollar rose to the annual high.
At this time, head of true vision Crypto analyst said Jamie Coutts“The macro backdrop has been so -so -so -so -pounded. Dollar’s strength is not good for Bitcoin.”
Magazine: Meet attorney Max Burwick – ‘The Ambulance Chaser of Crypto’
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
