“Exponential Decay” Of The Dollar To Benefit Bitcoin Long-Term
Bitcoin is now reeling after a rejection prevented further highs around the time Coinbase Global went live on the Nasdaq. The same stock market has also been booming alongside crypto – both markets gone parabolic against a common denominator: the dollar. The greenback’s “exponential decay” is poised to continue, further benefiting crypto and equities. However, […]
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Bitcoin's short-term downside correction is less likely to outweigh its long-term bullish bias (as long as the US dollar stays bearish).
A weakened US Dollar is also positive for the bitcoin ecosystem, in a way. Looking ahead in the financial world is becoming quite challenging these days. Stock investors are currently concerned over the US Dollar, albeit that situation may come to change soon. After a horrible start in 20017 for the greenback, the question remains what will happen next. Further declines in value are not out of the question, which spells good news for investors. Additionally, a weaker US Dollar can benefit the bitcoin ecosystem as well. It has to be said, the bullish US Dollar trend could only be sustained....
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Multiple voices forecast a weaker dollar in the long term, starting now, in a prime boost for safe havens. Bitcoin (BTC) may get fresh support for a record-breaking year in 2021 thanks to the demise of a familiar foe: the U.S. dollar.As various sources noted this week, the dollar is trading at almost three-year lows against various currencies and five-year lows against the Swiss franc. Analyst: Long-term trend “clearly dollar weakness”Weakness in the dollar tends to translate into strength for Bitcoin, and 2020 has been the year in which the U.S. dollar currency index (DXY) has become a....
Dear trader, First, I would like to wish you a great year in 2015 and all the personal and professional success that you deserve. I also wish that this new series of articles will allow you to trade as best as possible this year. This new year starts off in a very complicated way. The price of Bitcoin is extremely low, and the recent Bitstamp hack (2nd exchange platform in terms of dollar volume) will not boost confidence in crypto currencies. 2014 has been a very difficult year for those who hold Bitcoins for long term reasons, but, nonetheless, numerous and promising evolutions have come....