Don't fall for the latest bear trap, the US Dollar Index is just warming up. Don't get suckered back into the final dead cat bounce of the NASDAQ, S&P 500, risk-on stocks, index funds, crypto and any other junk asset NOT part of the greenback! I predict that the US Dollar will easily reach 165 by July 1, 2022, coinciding my prediction of the entire crypto market reaching zero and most non-blue chip stocks crashing to worthless. Long term I expect the DXY to reach well above 250 by Q1 of 2025 and shattering all records held.
And you may ask why am I such a bullish moon boy on US dollar. Well, the answer is pretty simple: Feds remaining hawkish indefinitely + quantative tightening (possibly the entire 9T balance sheet) + Interest rate hike (Possibly by 100-200 basis points per month for the next 2 years) + more geopolitical uncertainties = USD becoming the only hedge for inflation, and a true deflationary asset with plenty of use cases!
@EllettV, The US Government is gearing up for the release of the digital dollar.. expect the unexpected. $150 is first target. Imagine the replacement of major stable coins with the digital dollar. Its coming! Crypto was created by the government to create the next generation currency and Bitcoin was just the test coin that started it all.