BTC, Despite U.S. Credit Rating Downgrade, Narrative Maintained…Highlighting Store Of Value

After Moody's downgraded the credit rating of The United States, the stock market showed a risk-averse trend, but Bitcoin maintained a stable appearance, with analysis suggesting that the cryptocurrency narrative has become more solid.

QCP Capital stated, "In a situation where the Federal Reserve is maintaining a cautious policy stance, the credit rating downgrade has exposed the fiscal vulnerability of The United States," and added, "Nevertheless, Bitcoin showed relative strength and at one point surpassed 107,000 dollars."

In particular, in the Asian market, although some of the weekend gains were given back, the demand increase from institutional investors is keeping the range firmly maintained. The rise of Bitcoin after Moody's credit rating downgrade is interpreted as a signal that investors are beginning to perceive cryptocurrency as a store of value.

QCP Capital analyzed, "This event is likely to act as a long-term upward driver for Bitcoin," stating that despite the volatility of traditional financial markets, BTC is establishing itself as a stable haven.