Here’s the Current Political Event That’s Driving Bitcoin Higher: Economist

Bitcoin has rapidly become a macro asset throughout the past few weeks and months, with the crypto trading largely based on global economic trends and events This has greatly benefited the cryptocurrency as of late, with a combination of stock market strength, weakness in the Dollar, and some economic uncertainty in the future all bolstering it One economist is now noting that there is one crucial economic event that will likely guide Bitcoin’s price action in the near-term He notes that the Georgia Senate election run-off will determine if Democrats can gain control of the Senate If they do, he believes that massive spending and currency debasement will lead to a weak Dollar, which will bolster Bitcoin Bitcoin has seen some of the most bullish price action it has ever seen since the cryptocurrency’s price first peaked at highs of $20,000 a few years ago. These highs are now within…

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