Michael Pizzino: "A weakening dollar will lead the market to an increase in prices for crypto assets" – Bits Media

During the broadcast on a personal YouTube channel, a cryptocurrency analyst and trader shared with the audience a forecast for the correlation of the weakening of the US dollar and the cost of digital assets.

Michael Pizzino believes, that the fall of the US dollar can lead to an increase in prices for such Cryptocurrencies like WTS, Early, SOL, MATIC, XRP, Gala и Render. According to the cryptoanalyst, The dollar is ready to cheaper, which can lead to unpredictable consequences for the entire world economy:

“The US dollar is on the verge of serious collapse and future consequences for the economy are huge. It's time to pay ... ".

The expert does not consider the apocalyptic scenario of the collapse of the US dollar, Since the dynamics of changes in the course of the largest national currency is more slow, than other classes of financial assets. However, the expert predicts a stable downward trend and a probable model of distribution of funds in favor of digital assets in the nearest visible period.

Bitcoin macrographic schedule, ether, SOL, MATIC, XRP, Gala and Render assumes an upward trend, and given the correlation between the US dollar and the VTS, the fall of the first can help increase the cost of the second, The trader argues. This will follow the growth of other crypto assets.

On Tuesday, 11 july, VTS is traded at $ 30,457. At a weekly timeframe, the first one according to the capitalization of cryptocurrency showed a decrease in 1,83%:

Earlier CNBC channel reported
spectators, that the US presidential candidate from the Democratic Party Robert Kennedy Jr. (Robert Kennedy Jr.) owns bitcoins in the amount of up to a quarter of a million dollars.