The head of Hercules Investments spoke about the future of BTC

Bitcoin benefits from the weakening of the dollar. The head of Hercules Investments told CNBC about it

Based on the technical chart, Bitcoin is receiving strong support from institutional investors. Therefore, it becomes a force capable of moving the American dollar out of its place.

In many ways, it resembles a kind of religion. If millions believe in something and invest in it, then the value of the project will grow. Along the way, there will be a change in the views of the traditional investment community.

Bitcoin is constantly showing momentum in its development. At the same time, the dollar is gradually losing its position. This betrays his weakness. The dollar cannot move in the intended direction, so the cryptocurrency has an additional advantage.