Dollar is gaining strength but is it out of fuel. Possible triple top formation which could lead us to potential bull market in assets and i believe could lead us to biggest crypto bull market.
I believe dollar is strengthening because of various macro factors. Increased prices in many crucial resources (e.g. oil) leads to bigger demand for dollars with continued demand to pay of debts in dollars. I believe this is short term as countries move from dollar to their domestic currencies and it is process that takes time (e.g. Russia, China). I belive this is process in which many digital assets could find real value and use case and could potentialy bring some real value other than speculative to them.
Anyway if dollar will continue to move higher it will probably be very bad for assets and other currencies.
I keep my eye on this chart in next few months as things could accelerate and we could start seeing new paradigm in world economy.
I believe dollar is strengthening because of various macro factors. Increased prices in many crucial resources (e.g. oil) leads to bigger demand for dollars with continued demand to pay of debts in dollars. I believe this is short term as countries move from dollar to their domestic currencies and it is process that takes time (e.g. Russia, China). I belive this is process in which many digital assets could find real value and use case and could potentialy bring some real value other than speculative to them.
Anyway if dollar will continue to move higher it will probably be very bad for assets and other currencies.
I keep my eye on this chart in next few months as things could accelerate and we could start seeing new paradigm in world economy.