Macroeconomic drivers, including the collapse of the US dollar (USD), will eliminate the effects of Bitcoin (Btc) The cycle, which is the source of the BTC’s booms and bust that has been the feature of the BTC since 2009, according to investors and founding partner of Venture Capital (VC) firm Draper Associates, Tim Draper.
“Between 10-20 years from now, the dollar will disappear,” Draper told cointelegraph in an interview. “The world is changing, and we watch it.
Draper said investors are increasingly viewed Bitcoin as a “escape valve” opposed to poor governance. Driving a global adoption of supply-capped digital currency. VC added:
“Halvings can have a less impact if Bitcoin runs against the dollar the way it has, because maybe it will go for a long time. It will still affect a four-year rotation way, but I think the effect will be eliminated.
I think there will be a MacRO driver pushing Bitcoin, and I think the Macro driver will be a bigger deal than the halvings, “VC continued.
The potential disruption of the four -year market cycle continues to be controversial, along with some, such as the CEO of Xapo Bank, Seamus Rocca, that focuses that the The four -year cycle is not yet deadAnd others say the BTC is growing in a macroeconomic asset that has poured traditional market dynamics.
https://www.youtube.com/watch?v=0bx9alzw1ui
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Bitcoin and Hard Money alternatives are positioned to benefit from USD refusal
In February, Bitwise Analyst Jeff Park predicted that Bitcoin appreciates the value And get a broad global adoption due to growing geopolitical tensions, money inflation, the collapse of the US dollar, and the resurgence of protection trade policies.
The Trump administration has repeatedly said that the dollar denomination stablecoins is center of maintenance of dollars Global Reserve Status. By putting dollars on blockchain metals, it allows anyone with a cellphone and a crypto purse to add demand for the US dollar.
However, Bitcoin Maximalist Max Keizer has argued that US dollar stablecoins is a temporary solution to the dollar denial and will be outcompeted by tokens supported by gold and btc.
Magazine: Bitcoin vs Stablecoins Showdown approaches as the Genius Act approaches
