Experts from the American investment company Bernstein stated that Bitcoin will be influenced by political factors in the next three months.
Bernstein analysts Gautam Chhugani, Mahika Sapra and Sanskar Chindalia believe that the price of the first cryptocurrency will be influenced by the “Trump factor”.
In addition, analysts reported that the collapse of Bitcoin prices was a result of excessive fears of a recession in the United States and general instability in the markets caused by news about geopolitical tensions in the Middle East.
Experts noted that the launch of spot ETFs on Bitcoin helped simplify investments in the first cryptocurrency and prevented the BTC rate from falling to $45,000.
Bernstein believes that the crypto industry’s reaction to general macroeconomic and political signals will be restrained, and the recovery of stock market indices will allow cryptocurrencies to demonstrate, albeit insignificant, growth.
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Source: Cryptocurrency
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