👽 Todd Horwitz, chief market strategist at BubbaTrading, spoke about the potential role of Bitcoin (BTC) as a currency and commodity to support the US dollar.
This seems particularly important given the push by political candidates to return the currency to hard asset backing.
Interestingly, one of the Democratic Party candidates,
Robert Kennedy Jr. advocates supporting the US dollar not only with gold, silver and platinum, but also with Bitcoin! 😨
The politician believes that such a step can stabilize the economy, curb inflation and usher in a new era of financial stability and prosperity in America. After all, as Horwitz argues, a currency must have a backing so that governments and central banks do not depress its value by endlessly printing banknotes.
The idea of including Bitcoin in the basket of hard assets, proposed by Roberto Kennedy, makes Bitcoin the currency of the libertarian movement. Horwitz praised the growing acceptance of BTC by regulators such as the CFTC. And all of this, he says, will bolster an upward trajectory that will see Bitcoin reach $35,000 and then $40,000 over the next six months.
📈 Forecasts for the rapid growth of Bitcoin are generating keen interest among investors and experts, and also attracting attention in the political arena. The question of whether Bitcoin will be the salvation for the US dollar remains open, but market trends and the words of experts contribute to the analysis of the current situation.
🏆 However, regardless of further developments, it is important to understand that Bitcoin is playing an increasingly significant role in the world of financial innovation. Such positive reviews from major experts confirm confidence in the prospects of the cryptocurrency, and perhaps soon we will see the realization of predictions about the growth of its value.
💹 Let's watch this interesting situation develop together and wait for what other surprises the future will bring for Bitcoin and the US dollar!
