🔥INTERESTING🔥

⚡ 5 ways #bitcoin is benefiting from “unprecedented macroeconomic conditions”

Brazilian company Hashdex describes the current situation as a “unique investment opportunity.”

Key facts:

✅ For Hashdex, it is important that long-term investors allocate capital to #criptomonedas.

✅ A devaluation of the dollar would favor bitcoin and cryptocurrencies.

High inflation, rising interest rates and geopolitical uncertainty are “unprecedented macroeconomic conditions,” according to Brazilian investment company Hashdex. In that context, according to the company, bitcoin (BTC) can benefit.

In Hashdex's opinion, in recent years, bitcoin and other #criptoactivos have developed in parallel to these conditions, which "currently offers investors an opportunity." In that sense, the company identifies five ways that make the current environment a “unique investment opportunity” in bitcoin.

First, it states that Bitcoin is “recession-resistant” unlike other assets. An economic contraction in the United States or Europe “is new territory for bitcoin,” which is why its market could be affected, but there are two elements that would soften the impact, the report says.

One of those is the growing institutional participation. Institutional investors are less likely to sell their #BTC in times of recession than retail investors. “Currently, cryptocurrencies appear relatively undervalued compared to previous all-time highs.” With the approval of a spot bitcoin ETF in the United States, institutional participation will be amplified as these large players will have a “new vehicle to conduct this negotiation.”