output: JAKARTA - Amid economic and geopolitical uncertainty, Bitcoin is still showing its strength, where on Wednesday, April 30, Bticoin remained at the price level of 94,000 US dollars (Rp1.56 billion).
Reku analyst Fahmi Almuttaqin said Bitcoin's resilience amid this macroeconomic and geopolitical pressure reinforces the view that Bitcoin is increasingly seen as a solid hedge asset, similar to gold.
"If this trend continues, Bitcoin has the potential to attract capital flows greater than investors seeking protection from global uncertainty," Fahmi said in a statement.
Even so, Fahmi explained that the release of US PCE inflation data on April 30 would be an event that investors need to anticipate. Because according to him, higher inflation rates may increase investor concerns.
While it is likely that the Fed will hold interest rates at a meeting on May 7, higher inflation rates may increase investor concerns that could impact the weakening of the crypto market, he continued.
In addition, Fahmi added, the US labor report which will be released on May 2 will also be important data that the Fed will consider in making decisions.
"Resilience in the labor sector is one of the important factors that can contribute to supporting economic strength in the midst of the uncertain impact of the current tariff policy," he added.
Fahmi also believes that the positive Bitcoin outlook can make the crypto asset suitable for both novice and experienced investors.
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