The crypto market sometimes catches investors off-guard. Currently, Bitcoin has come to the spotlight due to its potential to bypass. Indeed, the first cryptocurrency has proven itself to be a universal asset! According to Matthew Ferranti, an analyst at the Bitcoin Policy Institute, Bitcoin could enable central banks to implement their own monetary policies independent of the US. Ferranti believes this will reduce inflationary pressure on local economies.

Many experts consider the flagship cryptocurrency an effective instrument for large investment portfolios. This idea has been empirically supported, says Ferranti, as there is little correlation between Bitcoin and other financial instruments. The analyst also suggests that if Bitcoin is accepted by regulators as a reserve asset, this recognition will reduce the risk of major commercial bank failures and relieve the pressure on global US government debt markets. Meanwhile, the US federal debt has already surpassed $35 trillion.

Ferranti supposes that Bitcoin could stem the rapid depreciation of national currencies provided that central banks worldwide add BTC to their balance sheets.

A significant factor in this matter is the upcoming US presidential election. Should Donald Trump win, the likelihood of global trade wars would resurface. In such a situation, Bitcoin would serve as a useful tool for hedging risks, according to the expert. Earlier, Ki Young Ju, CEO of CryptoQuant, predicted that the volatility of the leading digital asset will ebb away by 2030. Ultimately, the first cryptocurrency will be able to realize its potential as a global currency, not just an asset for market speculation, the CryptoQuant CEO added.