Gray scale: If the US dollar weakens and interest rates continue to decline, it will be beneficial for Bitcoin

ChainCatcher news, the Grayscale Research team recently published an article stating that a weak dollar and continued low interest rates will be beneficial for Bitcoin. Like physical gold, Bitcoin is an alternative currency system that competes with the dollar in the international market.

They also believe that the main downside risk for crypto valuations is a further rise in unemployment rates and the potential for a recession. Therefore, investors should closely monitor the upcoming labor market data, including the next monthly employment report scheduled for release on September 6.