Analysts have named a factor that will influence the growth of the bitcoin cryptocurrency by 2 times

Analysts predict that bitcoin could double its value if the US dollar index (DXY) starts to fall significantly. Historically, bitcoin has shown positive dynamics during periods of dollar weakness, when investors start looking for more stable assets to protect their capital.

Given the current economic uncertainty, a decline in the dollar could lead to a significant increase in interest in cryptocurrencies, which would lead to an influx of investments in BTC $65,551.74 Bitcoin -0.38% Market capitalization $1.3 trillion VOL. 24 hours $0.56 billion Experts emphasize that the dollar and bitcoin often move in opposite directions, and if the dollar weakens, it could become a catalyst for the growth of the BTC to new heights. In the current environment, when the global economy is facing various challenges, bitcoin can strengthen its position as a «digital gold», attracting the attention of both private and institutional investors.

The projected doubling of bitcoin’s price is linked to expectations that a weakening dollar may push investors to look for alternative means of preserving value. If this happens, the VTC has a good chance of becoming one of the main investment opportunities in the near future, attracting capital from traditional markets.

According to the analysis of Daniel Batten, a well-known bitcoin supporter, sovereign wealth funds' investments in the market flagship can raise its price to more than $ 148,000 per coin. The analyst emphasizes that if sovereign wealth funds allocated at least 1% of their assets to bitcoin, it could significantly increase its market value.