Bitcoin Bull Run to Start As Soon as it Starts Working as a Hedge Against USD

Bitcoin Would Start a Bull Run As Soon as it Starts Working as a Hedge Against USD

Most of us remember the last financial crisis that affected the whole world. It was back in 2008, just one year before Bitcoin was created. Since then, the market entered the longest bull run in the history of the United States.

The most important indicator for the US market is the S&P 500 share index. Some experts believe that the election of Donald Trump enabled the market to continue its upward trend. However, it seems that the bull run should continue if it wants to become the longest.

The US Financial Industry Regulatory Authority the market would have to continue until summer of 2021 if it wants to break the last record in the 90’s.

Kim Dotcom, the controversial figure, said that people should buy gold and cryptocurrencies rather than trusting the US dollar. This would help individuals hedge against an imminent US economic crash.

About it he mentioned that the USD would become worthless. Additionally, he explained that other currencies would follow the crash.

There is another important expert from JP Morgan, Marko Kolanovic, that warns about the next financial crisis. During an interview at CNBC, he mentioned that the next financial crisis would have a social unrest not seen in over 50 years. Mr. Kolanovic wrote a report on the 2008 financial crisis ten years later.

However, he said that the crisis may not happen at least until the second half of 2019. According to him, this will depend by the speed in which the Federal Reserve hikes interest rates.

Bitcoin may grow as a new financial asset to hedge against the volatility in the market or a big financial crisis. In the future, we could experience a bull run in the cryptocurrency market if a financial crisis starts as it happened in 2008.

At the moment of writing, Bitcoin is the most important virtual currency in the market and is being traded close to $6450 dollars.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide