Bitcoin is rallying on US deficit concerns, not hype: analyst

Bitcoin is increasingly viewed as a secure investment against the US’s 7 trillion USD deficit. Analysts indicate this shift marks Bitcoin’s evolution from a technological asset to a macroeconomic hedge amid rising financial uncertainties.

With Bitcoin currently around 122,077 USD, experts foresee it potentially reaching between 140,000 and 160,000 USD by 2025. Influential upcoming events may further sway the cryptocurrency market’s dynamics.

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