CoinShares, a cryptocurrency asset management firm, noted in its market report dated April 4 that investors, preparing for a decrease in currency value, have intensified their purchases of physical assets, resulting in Bitcoin (BTC) showing similar price movements to gold. Amid concerns over US fiscal health, Bitcoin rose from the low $60,000s to briefly reach the $80,000 range.
The direct causes of the rise were the rekindled concerns over the sustainability of US finances and the US Treasury's indication of plans to increase long-term government bond purchases...
