I think it has something to do with cracking up on Crypto scams confiscating those funds and selling them into USD's...That also seams to be the reason why Crypto assets on a downfall.. I dont think it will be a trend. I honestly believe it is just temporary. I honestly believe they like to let these crypto scams run for a while and let them accumulate as much money as possible and hit them when the bags are big enough... I dont really hear much about compensated victims
thinkerdoertalker
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Commodities can't be printed like money, and the interest must be paid with real money. It's time to pay.
dylanmojo
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I've been looking at USDCNY with the same question...
arama-nuggetrouble
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"printed dollars" lol......
PropNotes
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Despite the inflation, it's tough to look around and see any other assets that have actually done well. USD is a safe haven while there's been nowhere to run. That's why DXY is up, people are risk off. I expect that a turnaround in this chart will be massively bullish for other risk on assets
scheplick
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My only thinking around this is that the dollar is becoming in demand compared to all other alternatives. Rather than going further out, taking more risks on other assets, people are only interested in capital preservation. Do they buy gold? Bitcoin? stocks? I'm not sure. But just holding cash, in the palm of your hands, sounds fairly in demand compared to everything else.