Raoul Pal Predicts Dollar Weakness Boosts Cryptocurrency Interest

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Coin-Turk 9 months ago 133

Raoul Pal, CEO of Real Vision, stated that the depreciation of the US dollar could have positive effects on the cryptocurrency market. He noted that a 4% increase in Bitcoin $89,349 corresponds with the dollar’s decline. These developments suggest that the pursuit of alternative assets by investors could accelerate, amplifying interest in cryptocurrencies.

Dollar Weakness Supports Cryptocurrency

Recently, the US Dollar Index has started to lose value against other currencies. This situation may increase demand for Bitcoin and other cryptocurrencies. The weakening of the dollar could encourage investors to prefer cryptocurrencies, particularly during periods of economic uncertainty, where interest in digital currencies has previously surged....



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