Bank of America Warns of Dollar Weakness, Bitcoin & Gold Could Benefit

Bank of America predicts a weakening US dollar this summer, citing economic slowdown and trade policy uncertainty. This trend could bolster the appeal of assets like Bitcoin and gold as safe-haven options. A recent Moody’s credit rating downgrade adds to financial market volatility. The analysis suggests potential opportunities for investors seeking diversification beyond traditional currencies. 2011’s US credit downgrade history offers a similar pattern, with investor interest in gold and Bitcoin surging. Bitcoin’s $2 trillion market cap reflects growing confidence despite the economic challenges.