TechFlow news, according to Bloomberg, in response to Bitcoin's recent decline, Dan Dolev, senior analyst at Mizuho Securities, believes, "Bitcoin is not yet the safe-haven tool people hoped for. If unemployment rises and people lose their jobs, investors will have to liquidate their tokens."
Matthew Graham, founder and managing partner of Ryze Labs, said, "There are several factors affecting Bitcoin's price in the short term, including the possibility of interest rate cuts, Trump's chances of winning the upcoming election, and the potential impact of a Harris administration reforming cryptocurrency policy. The market is closely assessing the likelihood of such policy shifts and their potential consequences."
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