Ahmed Moata, an expert in financial markets, shared insights into the future of the cryptocurrency market during recent televised remarks. He predicted additional upward trends for cryptocurrencies if the United States continues to ease regulatory restrictions and adopts a more open approach, especially if digital currencies become part of the U.S. political strategy.
Moata noted that Bitcoin rose by 2%, reaching $105,000.41, driven by improved regulatory conditions in the U.S. He also suggested that former President Trump might leverage digital currencies as part of his economic policies to strengthen the dollar.
Discussing the current global economic climate, Moata stated that both gold and Bitcoin are poised for significant political-driven growth. He anticipates potential economic volatility during Trump’s presidency, which could impact markets. While gold prices slightly declined this week due to a stronger dollar, Moata expects the precious metal to rebound soon, given its status as a safe haven during political and economic uncertainties.
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