Cryptocurrency market capitalization will increase 30 times

Experts agreed that the bitcoin market will soon enter theA large amount of investment in the amount ofover 5 trillion dollars. According to the investor and founder of Gold Bullion International, Dan Tapeiro, after such an investment, the dollar will weaken even more, and digital assets will become its full-fledged competitors.

Bitcoin May Increase Capitalization

“Now the cryptocurrency market is considered one ofthe most promising amid the drawdown of the American currency and stock markets. Do not deny that the era of modern technology takes its toll. We cannot oppose this process. Gold has long lost its popularity, and as an asset, it exists due to investments for more than a hundred years. If Bitcoin appeared a century earlier, it would have long displaced precious metals. The dollar would be destined to sink into oblivion even earlier. "- said Tapeiro.

According to Refinitiv Lipper, forthree months after the fall, the so-called "liquid cache" rose to $ 4.6 trillion. This means that investors converted their savings into foreign currency, withdrawing them from the stock market. If they decide to invest in more promising modern industries, then cryptocurrencies will be able to increase capitalization tens of times.

Tapeiro also noted that not the entire amount will go tocryptocurrency purchase. Many investors will decide to choose an option from other markets, but most of them will still tend to digital assets. Do not forget about the natural increase in the capitalization of the cryptocurrency industry. He added that gold and stocks will also share this portion of cash, but to a much lesser extent. Assets that were previously considered promising have lost their trust coefficient, which is why all laurels can go to cryptocurrencies.

JPMorgan Chase analysts previously reported thatThe collapse of bitcoin in March became the so-called stress test for the cryptocurrency market. The industry managed to cope with it in a matter of months. Now Bitcoin is periodically subject to correction, but it has every chance to become the main competitor for stock markets.

In April, Quantum Economics founder Mati Greenspan noted thatBitcoin's correlation with the S&P 500 index depends on the entire financial industry.A few weeks after this statement, it reached an all-time high.Gold is also gradually increasing its correlation with Bitcoin, but it is trying to keep its distance, so it canretain their adherents.

VanEck Global specialists during the recentOnline conferences with relevant experts noted that Bitcoin growth could begin by the end of summer, when the situation in the stock market and in the oil industry is stabilizing. Due to the weakening economy around the world, investors will look for alternative assets, and at that moment cryptocurrencies will come to their aid.

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