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Title: Greater chance ‘Bitcoin survives over the dollar in our lifetime after today’
As Bitcoin’s price continues to fluctuate, a growing number of experts are sounding the alarm on the potential risks and uncertainties surrounding traditional currencies. Amidst the chaos, one notable trend is emerging: Ethereum dips below realized price, signaling potential market bottom.
This phenomenon has sparked intense debate among market analysts, who believe that Bitcoin may hold more value in the long run than the US dollar. Jeffrey Park, Portfolio Manager at Bitwise, recently expressed his concerns about the future of fiat currencies, stating:
“In my opinion, there’s a greater chance that Bitcoin survives over the dollar in our lifetime after today.”
As CryptoSlate has previously reported, the market’s downturn in Q1 led to a staggering $6 billion unrealized loss for Strategy 1. This data is particularly concerning given the current turmoil surrounding US-China relations.
In light of these developments, investors should be aware that Bitcoin ETFs have seen a sharp $103 million outflow as the market reacts to the ongoing US-China war.
Source: https://cryptoslate.com/insights/greater-chance-bitcoin-survives-over-the-dollar-in-our-lifetime-after-today/
