Investors are losing trust in the USA – record money is flowing into Bitcoin #BTC
In May, cryptocurrency funds raised a record $7.05 billion – the highest since December, while the total assets under management reached $167 billion. Investors are losing faith in the US economy: trust in the dollar is declining, and bond yields are rising. This is contributing to the influx of funds into Bitcoin and Ethereum. In particular, Bitcoin funds attracted $5.5 billion. Against this backdrop, $5.9 billion was withdrawn from equity funds, and $678 million from gold funds. Experts note that cryptocurrencies are becoming a permanent part of investment portfolios, rather than just a volatile asset. #BTC