Bitcoin could attract capital if the U.S. government expands funding for priority areas of the economy in the coming months.
Washington is planning to stimulate business activity. The Fed and the government will act according to the proven scheme, that is, they will support the banking sector by injecting money supply, according to a report by Morgan Stanley. Digital currencies and, first and foremost, bitcoin will be able to get a share of capital in this situation and add in value.
Analysts recalled that since the beginning of 2023, the BTC exchange rate has strengthened by almost 69%. Traders’ activity on the spot market weakened slightly by the end of March, so bitcoin stabilized below $28,000.