Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Coinpedia Fintech News on May 05, 2023, 12:59:59 PM
-
Bitcoin is gaining momentum as the market shows signs of growth, with economist and crypto trader Alex Krüger predicting that BTC will reach a new yearly high in May 2023. Krüger believes that Bitcoin's rising popularity is due to the ongoing economic uncertainty and the weakening of regional banks in the United States.
In a recent tweet, he noted that Bitcoin is seen as a safe haven asset by many investors, especially in the face of the economic uncertainties brought on by the pandemic and geopolitical tensions.
As small banks continue to struggle, Bitcoin's negative association with traditional banking systems is becoming less of a concern for investors seeking economic stability.