Peter Chang: Bitcoin plays the role of a "double agent" in the market

According to Chang, the recent correction in the price of the first cryptocurrency was beneficial for the asset, as it created a stable foundation for the subsequent rally of the coin.

Despite the high volatility characteristic of bitcoin, during crisis periods in the market, it is perceived by investors as a profitable risk-hedging tool, the expert noted.

"Such moments are rare. They occur only when the market doubts the stability of the financial system dominated by the US dollar," Chang said.

In his opinion, bitcoin could reach the mark of $210,000 by the end of the year. In conditions of macroeconomic uncertainty, the first cryptocurrency will become increasingly attractive as an asset for both countries and private investment structures.#BinanceAlphaAlert #CryptoAdoption