#BitcoinBlackRockMegaforce price Surge
This week Bitcoin has surged back in tandem with tech stocks following a leak that exposed significant concerns among the establishment regarding the potential spread of crypto 'contagion.'
The bitcoin price has surged toward $100,000 per bitcoin as one closely-watched crypto investor calls the market bottom, telling people to “buy everything” ahead of a Federal Reserve flip.
With the CEO of Binance validating rampant rumors that could skyrocket bitcoin's value, significant warnings regarding the U.S. dollar are setting the stage for a potential 'megaforce' shock due to geopolitical fragmentation.
The Fed Just Quietly Primed Bitcoin And Crypto For A Huge Wall Street Price Game-Changer ,By Billy Bambrough.
Jerome Powell, the chair of the Federal Reserve, is contending with the conclusion of a prolonged period of a strong U.S. dollar, as forecasts suggest a surge in bitcoin prices.
Deutsche Bank analysts George Saravelos and Tim Baker noted in a MarketWatch report that the conditions are now ripe for a significant decline in the dollar's value, citing a major shift in U.S. trade policy and a global reevaluation of America's geopolitical role, which they believe signals the end of the 'higher for longer' dollar era. Recently, the dollar has been bolstered by Fed chair Jerome Powell's somewhat aggressive stance on interest rates amid inflation concerns, despite pressure from President Donald Trump urging Powell to lower rates.
Deutsche Bank analysts have noted that recent historical trends suggest the dollar is likely to enter a prolonged decline against the euro. They emphasized that in an environment marked by significant uncertainty and swiftly changing policy standards, the potential for market disruptions and shifts in economic regimes is considerable.
This sentiment aligns with the views expressed by Goldman Sachs' FX chief, who recently stated that the U.S. dollar's weakness is likely to persist as the global economy adapts to the new tariff-driven trade framework initiated by Trump.
At its core, Jacobs stated that bitcoin ought to function as an independent asset. He added, "As time progresses in this unpredictable landscape, we will increasingly witness this divergence."
A recent leak uncovers increasing concern regarding Trump's extreme Bitcoin and cryptocurrency strategies amidst volatile price fluctuations.
BlackRock, overseeing more than $10 trillion for its clients worldwide, spearheaded the initiative to introduce a comprehensive spot bitcoin ETF in the U.S., successfully securing approval for its IBIT and several other spot bitcoin ETFs in January of the previous year.
In July, BlackRock's chief executive Larry Fink said that he had been "wrong" about bitcoin when he'd previously dismissed it as "an index of money laundering," admitting bitcoin is "digital gold” and a "legitimate" financial instrument.
The introduction of a series of spot bitcoin ETFs on Wall Street marked the beginning of what Fink called a digital "revolution," as he unveiled BlackRock's crypto aspirations in 2023, which feature a groundbreaking blockchain-based alternative to the U.S. dollar.
