The depreciation of the US dollar will cause a rise in the price of gold and bitcoin

According to Dan Tapiero, co-founder of the DTAP Capital investment fund, significant things will happen in the near future.weakening of the US dollar.

The expert expressed his forecast at the end of this week and noted that gold and bitcoin will become more popular assets in the new market environment.

Tapiero's forecast is based on policy data.The US Federal Reserve, which will soon stop fighting inflation in order to stimulate business activity. If inflation in the United States exceeds 2% in annual terms, the dominant position of the American currency in the world will be undermined, Tapiero believes.

He also added:

«The dollar has been consolidating for one month, but is now on the verge of a sell-off, which will further support stocks, gold and Bitcoin.»

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In a June blog post, former vice president of Goldman Sachs bank Rob Koyfman expressed a similar view. He wrote that a weak dollar will be a tailwind for Bitcoin.

Consolidation of BTC over the past two yearsmust necessarily end with an update of the maximums. The weakening US currency is guaranteed to act as one of the drivers of the early strengthening of bitcoin, Koifman said.

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