Bitcoin Dey Show Say E Be Safe Haven Amid Di Europe Bond Crash
Veteran investor Robert Kiyosaki don warn say Europe dey face debt crisis after European bonds drop 24%. U.S. Treasuries decline 13% and British bonds fall 32%, wey cause concern say fit get social unrest for France plus political risk dey increase. Kiyosaki urge investors make dem protect their wealth with gold, silver and Bitcoin. Even though recent selling push Bitcoin below $108,000, e still dey bullish on the cryptocurrency as hedge against market wahala.
Bitcoin supporter Max Keiser follow talk the same tori, advise make people diversify portfolio into crypto. Analyst Shanaka Anslem Perera compare Europe debt wahala to fallen empire and call Bitcoin di way to financial sovereignty. Meanwhile, crypto market for Europe dey evolve: Q3 see 28 new BTC-traded contracts plus over 140,600 BTC add to contracts, as European Banking Authority finish draft Regulatory Technical Standards for standard crypto risk management under CRR3.
El Salvador also waka forward with im Bitcoin plan, split 6,300 BTC reserve into 14 addresses capped at 500 BTC, plus pass Investment Banking Law wey allow regulated banks make dem hold Bitcoin for accredited investors. These moves show Bitcoin role as safe place during fiscal crisis.
Bullish
Di article dey focus on European bonds wey dey drop sharply and debt worry wey dey grow, e dey position Bitcoin as alternative way to keep value, underlining say e be safe-haven for traders. History show us say like for 2020 COVID-19 bond sell-off and the Bitcoin rally after, e clear say when fiscals stress, crypto demand fit rise. For short-term, when volatility high and people dey avoid risk, e fit make investors enter Bitcoin, wey go support price make e dey stable or even go up. For long-term, EU regulation wey clear and El Salvador institutional way to adopt Bitcoin dey show say people dey accept am more. All these things together dey show say Bitcoin get better chance to go up, as traders dey move their portfolio from normal bonds to digital assets when debt crisis deep.