Why is bitcoin so impacted by everything that happens in the United States?
The digital currency created by Satoshi Nakamoto is especially sensitive to American macroeconomic policies and events.
The influence of the world's leading financial power on bitcoin is undeniable.
If hyperbitcoinization becomes a reality, it would alter the balance of economic power. Since its birth in the shadows of the 2008 financial crisis, bitcoin (BTC), the digital currency created by Satoshi Nakamoto, sparked a revolution: a decentralized economy, free from the shackles of central banks and the whims of state monetary policies.
Bitcoin's rise from a digital curiosity to a major player on the world stage, with a market value that has reached and surpassed $1 trillion, is a story of defiance and adaptation. Yet this champion of decentralization displays a curious paradox: its price is deeply intertwined with the economic dynamics of the United States, far more than those of any other country.
While a change of government in Paraguay or an economic crisis in Argentina, a country with a significant Bitcoin community, seem to make little impact on its price, every fluctuation in American interest rates or every tweet from a well-known Silicon Valley CEO can send seismic waves through its price. Why is Bitcoin, despite its global nature, still such an attentive observer of events in the United States and seemingly indifferent to movements in other corners of the world?
The United States is the world's financial capital (for now)
Several factors can explain this behavior. #EEUU #argentina #LatinoaméricaCripto #Bitcoin $BTC #MarketSentimentToday