DXY to outperform majors in the coming months. BTC to perform.
The world economy has already seen a major slowdown in many economic regions like the Eurozone and China. 70% of ALL countries are experiencing a slowdown in GDP growth, which is comparable to 2008 levels. Italy was expected to have a GDP growth of 1% early in the year, but forecasts have been cut down to 0.2%. Germany was expected to grow by 1.9%, but was later in the year expected to only achieve 0.8% in 2019. That is truly frightening. China the second biggest economy experienced a 1% slowdown in GDP from 6.8% to 5.8%. The US just across the ocean is actually performing quite remarkably with GDP staying at 2.4% consistently throughout the year and only seeing a 0.1% GDP expectation decline. From this, we can almost guarantee that the reserve currency of the world will almost surely outperform every other major currency. Im bullish in DXY and bearish on EURUSD.
Big banks across the planet have cut interest rates to try to stimulate their economies, but the problem is that interest rates have already been low since 2010 leaving little wiggle room to leverage this tool. With a looming recession and economic bubbles in many industries, we might just be on the brink of a global depression. Many people are turning a bad eye towards banks, and how they have mishandled the current situation. Cryptocurrencies might just be a safe haven or a hedge against an economic downturn for those who manage to invest early. The problem I see here is the onslaught of late investors into Crypto that might get killed and lose all their money to another potential crypto bubble. I am bullish on BTCUSD and alts. However, I see BTCUSD performing much better than other coins because of its status amongst the common man and likely the first invstment in crypto that they do.
Big banks across the planet have cut interest rates to try to stimulate their economies, but the problem is that interest rates have already been low since 2010 leaving little wiggle room to leverage this tool. With a looming recession and economic bubbles in many industries, we might just be on the brink of a global depression. Many people are turning a bad eye towards banks, and how they have mishandled the current situation. Cryptocurrencies might just be a safe haven or a hedge against an economic downturn for those who manage to invest early. The problem I see here is the onslaught of late investors into Crypto that might get killed and lose all their money to another potential crypto bubble. I am bullish on BTCUSD and alts. However, I see BTCUSD performing much better than other coins because of its status amongst the common man and likely the first invstment in crypto that they do.
