Negative macroeconomic events will encourage the public to invest even more in bitcoin, which will make it a tool for asset preservation. This is the opinion of Bank of America specialists.

As the organization's lead analyst Michael Hartnett clarified in a report to clients, the entire cryptosphere will get a significant boost soon after the U.S. will face higher inflation and a slowdown in the national economy. The starting point will be the U.S. Federal Reserve's adjustment of the country's monetary policy, causing stock markets and other traditional assets to suffer a serious blow.

Thus, Harnett continued, investors will begin to invest their savings more actively in cash, commodities and digital currencies. The reason is that these assets will guarantee a higher value amid inflation.

Eventually, bitcoin will no longer be perceived by investors as a high-risk asset. On the contrary, its perception will change in the opposite direction, and depositors around the world will begin to place their savings in BTC in times of economic uncertainty, concluded the chief strategist at Bank of America.