Coinbase Says Cryptos Will Remain Dependent on Global Economy

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According to analysts at Coinbase, the halving event may be strongly influenced by the global economic situation, with a potential to impact the price of Bitcoin and other digital currencies.

The reduction in miners’ reward per block may impact supply and demand dynamics, but the overall macroeconomic factors will play a crucial role.

Furthermore, the impact of geopolitical events must be considered, as Bitcoin gains traction as a mainstream asset class and its investment potential may fluctuate depending on the prevailing bullish or bearish trend in the global market.

Coinbase also notes an increase in the use of cryptocurrency as a hedge against risk, with traditional Wall Street institutions viewing Bitcoin as a safe-haven asset.

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