How does the closure of the forex market affect the price of Bitcoin?

1 answers

• Amy DohlinJan 07, 2024 · 2 years ago
  At BYDFi, we believe that the closure of the forex market can have a short-term impact on the price of Bitcoin. However, we also believe that the long-term fundamentals of Bitcoin, such as its limited supply and growing adoption, will continue to drive its price. While the closure of the forex market may lead to increased volatility in the short term, we see it as an opportunity for traders to take advantage of price fluctuations and potentially profit from market inefficiencies. As always, it's important to conduct thorough research and analysis before making any investment decisions in the cryptocurrency market.
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