Analysts agree new BTC all‑time high is fueled by macroeconomic factors
BTC’s rally to a new all‑time high was driven by macroeconomic factors, including the recent US government shutdown, according to Fabian Dori, chief investment officer at global digital asset bank Sygnum.
The US government shutdown that began on Wednesday closed down operations at regulatory agencies and bureaucracies entirely or forced them to operate on a bare‑bones budget and minimal staff.
The “political dysfunction” stemming from the shutdown has renewed investor interest in BTC as a store‑of‑value monetary technology, as faith in traditional institutions falters, Dori told Cointelegraph.