Bitcoin's violent shock reflects the increasing instability of the US financial system

Bitcoin's violent shock reflects the increasing instability of the US financial system

24/2/2021

According to the 21st Century Business Herald, the U.S. stock market is currently highly bubble-inspired, and the U.S. government is planning to launch a trillion-scale stimulus plan, causing funds to lose direction because the stock price continues to rise is already very dangerous, but new assets must be found Configuration is also challenging. In this context, commodities and Bitcoin have entered the sight of financial investors to hedge against dollar risks. It can be seen that Bitcoin began to be valued by the financial market as a result of the failure of the U.S. monetary policy and financial system. Investors deploy Bitcoin as an asset to hedge currency risks, reflecting the escalation of the instability of the U.S. financial system.

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