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26 October 2020

Short the Dollar: How Goldman's Bearish Stance Uplifts Bitcoin Q4 Sentiment

Short the Dollar: How Goldman's Bearish Stance Uplifts Bitcoin Q4 Sentiment


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But if the dollar continues to slump, it could buoy the momentum of BTC and gold in the fourth quarter.

First, Pandl said the potential “blue wave” election remains a significant risk to the U.S.

If the dollar drops, it would naturally benefit alternative stores of value like Bitcoin and gold.

Atop the declining dollar, Pandl additionally noted that potential vaccine breakthroughs could boost risky assets.

As such, if institutions view Bitcoin as a risk-on asset, it could further boost the sentiment around BTC.

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cointelegraph.com
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