Bank of America: Weakening Dollar Will Benefit Bitcoin and Gold

Blockbeats
02 Jun

BlockBeats News, June 2nd, a Bank of America analysis stated that trade policy uncertainty and high debt levels may continue to exert pressure on the US dollar. High-frequency data shows that the economy may be slowing down, which could lead to a further decline in the US dollar this summer. Meanwhile, due to rising inflation expectations and the Federal Reserve's inability to take significant action, this trend may benefit dollar-denominated assets such as gold and Bitcoin.

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