BANK OF AMERICA SAYS US DOLLAR WILL SLIDE, WHAT DOES IT MEAN FOR BITCOIN?
Bank of America executive says pressure on the US dollar may continue in the next few months
A decline in the US dollar value may have positive effects on Bitcoin and gold
A Bank of America executive opined that the value of the US dollar may continue to decline in the coming months. The US dollar index has already dropped significantly this year. A further decline will result in a significant shift in the markets of dollar-denominated assets like Bitcoin and gold.
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Jin Su, one of the presidents at the Bank of America (BofA), said that the US dollar may fall further this summer during an email interview. President Donald Trump’s tariff decisions have already impacted the dollar value adversely. The US dollar index is currently at 98.86 after dropping more than 9% this year. And the recent prediction of a further decline doesn’t sound good for the country.
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