Dollar’s Weakening Impacting Crypto Markets: Fund Managers Sound Alarm

Recent political instability and erratic U.S. policies are casting a shadow on the stability of the cryptocurrency market, raising concerns among fund managers. The article delves into the impact of the declining dollar on digital currencies, exploring the viewpoints of experts like Bob Michele (JPMorgan Asset Management) and Bert Flossbach (Flossbach von Storch), who highlight the potential erosion of the U.S. dollar’s role as a safe haven currency. The article analyzes how market volatility, fueled by recession fears and uncertainty surrounding Bitcoin’s resilience, is impacting the cryptocurrency sector.