Dollar Devaluation Could Benefit Bitcoin in the Long Term
Dollar devaluation could have significant implications for currencies looking ahead, given its current status as the world reserve currency. As the dollar declined, it would give way for other currencies to rise in prominence globally, including bitcoin. The ICE U.S. Dollar Index (DXY) is down more than 8% YTD, according to Y-Charts Data. The index [...] The post Dollar Devaluation Could Benefit Bitcoin in the Long Term appeared first on ETF Trends.
Dollar devaluation could have significant implications for currencies looking ahead, given its current status as the world reserve currency. As the dollar declined, it would give way for other currencies to rise in prominence globally, including bitcoin. The ICE U.S. Dollar Index (DXY) is down more than 8% YTD, according to Y-Charts Data. The index [...]
The post Dollar Devaluation Could Benefit Bitcoin in the Long Term appeared first on ETF Trends.
