Analyst: the rise in Bitcoin's price is due to headwinds from macroeconomic factors, not just flows from spot BTC ETFs
Flows from spot Bitcoin ETFs play a key role in the price evolution of the asset, but macroeconomic and geopolitical concerns also influence investors' decisions to buy BTC.
Analyst: the rise in Bitcoin's price is due to headwinds from macroeconomic factors, not just flows from spot BTC ETFs
Market news
Key points:
The demand for Bitcoin is driven by investors' macroeconomic fears, not just by net flows from spot BTC ETFs.
The volatility in the global bond market is increasing Bitcoin's appeal as a safe haven, with interest rate cuts and rising inflation triggering a shift towards risk assets.
Cryptocurrency analysts say that investor interest in Bitcoin
BTC
€91,485
is increasingly linked to its role as a hedge against geopolitical and financial instability.
