We continue to see how Bitcoin is breaking resistance and, for the date and time of this writing, it is above $ 11600; remember that with the recent declarations of the president of the Federal Reserve (FED), it is expected to work and contain inflation levels and bring them to a maximum of 2%, which would almost question that interest rates will remain low, close to zero or almost zero.
The metals will continue to rise and if the stimuli of the FED are expected to continue, the trend for gold and silver will be to break new record highs that mark and reinforce their reserve role that these assets have always had.
Bitcoin (BTC) is no exception, and despite being relatively new in this field, its increase in value responds to an imitation of the behavior of metals. However, the trust gained adds value and volume and part of its charm is evident in the comebacks we have experienced in recent weeks.
Even so, there is still a way to go before the BTC reaches the once throne of $ 20,000, which will and more than that will overcome it. This globalized world always leaves us with a very narrow analysis, and that is that the economy is closely related to politics and the radical changes that take place in our world and it is this arbitration that maintains these growth expectations in crypto investors.
The price of BTC shows that their numbers translate into interest in something new and not manipulable, a huge advantage over metals. The FED is at a crossroads where it will be difficult to know what will be given more strength and time, to raise interest rates to cut public spending or simply continue down this path already unstoppable and let the shadow of inflation clothe each one of the citizens, not only of the USA, but of the world, especially the most vulnerable.
Economic journalist Peter Schiff, indicates in an interview on his website shiffgold that this will "mark the beginning of a true economic crisis in the United States, unlike something we have seen." We have already seen that many point to a loss of preferential status of the dollar, but, personally, I believe, is that the dollar is already negotiating what will be its path to not disappear, and we know that it is digital.
You can find this same article by following me on my steemit account, I also leave the link.
https://steemit.com/hive-175254/@alquimista1501/gold-silver-and-bitcoin-again-and-again
