Chart shows direct comparison between Bitcoin (orange) and Dollar Index (blue) normalised for the period of the Bitcoin market's lifetime. That means both datasets divided by their respective max values within this period (approx Aug 2010 to June 2018).
Clearly we see a pattern: as the dollar declines Bitcoin bubbles form.
Clearly we see a pattern: as the dollar declines Bitcoin bubbles form.
Comment:
www.youtube.com/watch?v=781p-M7g...
Comment:
Comment:
Echoes in time. Dollar index (DXY) displays similar fractal pattern to the period immediately before the 2008 Crisis. This is a technical chart. If it is fails to convincingly break above 0.95, a fall could take us back to 0.85, which could be a boon for gold and Bitcoin.
On a fundamental level, Trump has shown little interest in maintaining a strong dollar in order to maintain export competitiveness, which is part of his MAGA rhetoric. The Fed has also been critical recently yet they are raising interest rates which encourages a stronger dollar by decreasing the overall circulating supply of the currency.
On a fundamental level, Trump has shown little interest in maintaining a strong dollar in order to maintain export competitiveness, which is part of his MAGA rhetoric. The Fed has also been critical recently yet they are raising interest rates which encourages a stronger dollar by decreasing the overall circulating supply of the currency.
Comment:
Comment:
Here is a comparison between BTC and the Euro Index
obviously we get an approximate inverse relationship to the dollar index here. Euro corrections seem to coincide. Makes me wonder whether those people hoping for non-US fiat collapse should really want that!
