The Federal Reserve has announced another interest rate cut to 3%, citing slowing economic growth and rising debt concerns. As a result, investors are shifting to alternative assets like Bitcoin, causing BTC’s price to rise.
Why Are Investors Choosing Bitcoin Over USD?
Inflation concerns – The dollar continues to lose value due to excessive money printing.
Bitcoin’s fixed supply – Unlike fiat currency, Bitcoin is capped at 21 million coins.
Institutional adoption – More hedge funds and corporations are allocating Bitcoin in their portfolios.
Will Bitcoin Replace Gold as the Best Safe Haven?
As the Fed struggles to stabilize the economy, Bitcoin’s reputation as digital gold is growing. Analysts believe that if economic uncertainty continues, Bitcoin’s price could hit $100K sooner than expected.