[Analyst: Fitch's downgrade of U.S. credit rating strengthens Bitcoin's hard currency status] Golden Finance reported that rating agency Fitch lowered the long-term rating of the United States on Tuesday, citing expectations that the fiscal situation will worsen in the next three years and the government's debt burden. High and growing, Gordon Grant, Genesis' head of sales and trading, said that the reduction has attracted investors' attention to Bitcoin and strengthened Bitcoin's position as a hard currency alternative to the U.S. dollar. Grant analysis said that after Fitch downgraded the U.S. credit rating from AAA to AA+, we saw cryptocurrency prices rise. As the U.S. Treasury borrows more, interest costs rise, and financing needs rise, people begin to realize the need for hard currency alternatives. needs. He added that recent macroeconomic dynamics have brought Bitcoin’s hard currency qualities back into the spotlight for investors.