3 Macroeconomic Factors Are Driving Bitcoin Price Above $12,000

[bitman007]

Hello Friends i just read a great article how these 3 Macroeconomic Factors Are Driving Bitcoin Price Above $12,000 soon. look at them . As there are many factors for bitcoin price and crypto market movement but these i found good to read and understand

1. Global stocks are tumbling

2. Investors are waking up to Bitcoin as a hedge

3. Bitcoin profits from fiat currency blame games

Read it in details here :  https://www.uptrennd.com/post-detail/these-3-macroeconomic-factors-are-driving-bitcoin-price-above-12-000~Mjg3NjI

 

[Fighting]

So nonsense. Bitcoin prices will go up when there is good news for Bitcoin and the demand for Bitcoin increases. Your reasons may not make Bitcoin's price rise to $ 12,000
 

[nuuuitsjdragon]

It could be because of these reasons but I don’t think anything can be certain still... feels like a FOMO trend coming soon, hopefully everyone who’s in on it makes money! 

[barbaris]

Bitcoin is too sensitive to everything, rumors, news, bans, manipulations in the cryptocurrency market and other things. But he continues to grow and that’s good. It seems to me that these 3 factors do not affect the value of cryptocurrency.

[Mateusz]

I think bitcoin price is going up because people are buying it. I mean that is how you bump the price, also recently some famous people like Elon Musk himself said some nice words about that currency so maybe some of those who were against bought a bit for themselves and thats why we see some nice green %s

[williamshennie9]

Well if more investors do this, then the price of bitcoin should increase a lot. I mean, people use gold as a hedge, so if bitcoin can be used for the same, I only see positive things in the future.

[wry]

Since Bitcoin is private money there is something to be said for these economic forces.  If it's clear that government issued money is going to lose value due to negative interest rate policies, it makes sense to find alternatives.

Here's a nice editorial on that line of thinking:  https://www.coindesk.com/trumps-currency-war-with-china-is-bitcoins-do-or-die-moment

[nuuuitsjdragon]

41 minutes ago, wry said:

Since Bitcoin is private money there is something to be said for these economic forces.  If it's clear that government issued money is going to lose value due to negative interest rate policies, it makes sense to find alternatives.

Here's a nice editorial on that line of thinking:  https://www.coindesk.com/trumps-currency-war-with-china-is-bitcoins-do-or-die-moment

Thanks for that article.

I haven’t been watching the news much recently, so it’s always good to have your current resources that always make a good read! 😁

[Enzo]

I'd tend to disagree. Bitcoin price will go up when it receives good word, and good media attention. As well as when the demand goes up. So maybe your 2nd one is true a little bit. But the rest I %100 disagree with.