This Asset May Outlive The US Dollar: Bitwise Strategy Head
According to an X post by Bitwise Invest’s head of alpha strategies, Jeff Park, there is a higher chance that Bitcoin (BTC) will survive over the US dollar (USD) in our lifetime. Park further stated, “first time the thought hit me and didn’t feel like theory but an actual truth to grapple with.”
Also Read: Trump Is Not Bothered About The Recent Market Crash: Here’s Why
US Dollar At The End Of Its Life?
According to a theory by journalist Tim Stanley, President Donald Trump may be trying to crash the USD. Stanley says countries sell to the US to get their hands on the dollar. According to the journalist’s theory, President Trump wants to make the dollar weaker so that people start buying things from the US. There is no official word on whether Stanley’s theory is correct, but it does give food for thought.
Also Read: Chainlink (LINK) Vs. TRON (TRX): Which Is Better For This Dip?
President Trump’s tariff spree has led to a lot of bloodshed in global markets. Trump has slapped an additional 104% tariff on China for its retaliatory 34% tariff on the US. The US dollar could suffer as a consequence. There aren’t many alternatives for certain Chinese products. The additional tariffs could put a lot of pressure on the USD.
Bitcoin To Take The Global Spot Light?
There has always been a lot of talk about BTC eventually becoming the global standard. The asset’s deflationary nature makes it an asset whose value grows with time. The US dollar and other fiat currencies, on the other hand, are plagued with the curse of inflation.
Also Read: ‘Don’t Be Fooled by the Bounce’: BlackRock Predicts 20% Market Crash
Bitcoin (BTC) has faced quite a dip over the last few days. The asset briefly fell below $75,000 earlier today but has since reclaimed the $77,000 price point. BTC is down 2.3% in the daily charts, 8.8% in the weekly charts, 12.2% in the 14-day charts, and 5% over the previous month. Despite the dip, BTC has rallied 9.4% since April 2024.
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This Asset May Outlive The US Dollar: Bitwise Strategy Head
According to an X post by Bitwise Invest’s head of alpha strategies, Jeff Park, there is a higher chance that Bitcoin (BTC) will survive over the US dollar (USD) in our lifetime. Park further stated, “first time the thought hit me and didn’t feel like theory but an actual truth to grapple with.”
Also Read: Trump Is Not Bothered About The Recent Market Crash: Here’s Why
US Dollar At The End Of Its Life?
According to a theory by journalist Tim Stanley, President Donald Trump may be trying to crash the USD. Stanley says countries sell to the US to get their hands on the dollar. According to the journalist’s theory, President Trump wants to make the dollar weaker so that people start buying things from the US. There is no official word on whether Stanley’s theory is correct, but it does give food for thought.
Also Read: Chainlink (LINK) Vs. TRON (TRX): Which Is Better For This Dip?
President Trump’s tariff spree has led to a lot of bloodshed in global markets. Trump has slapped an additional 104% tariff on China for its retaliatory 34% tariff on the US. The US dollar could suffer as a consequence. There aren’t many alternatives for certain Chinese products. The additional tariffs could put a lot of pressure on the USD.
Bitcoin To Take The Global Spot Light?
There has always been a lot of talk about BTC eventually becoming the global standard. The asset’s deflationary nature makes it an asset whose value grows with time. The US dollar and other fiat currencies, on the other hand, are plagued with the curse of inflation.
Also Read: ‘Don’t Be Fooled by the Bounce’: BlackRock Predicts 20% Market Crash
Bitcoin (BTC) has faced quite a dip over the last few days. The asset briefly fell below $75,000 earlier today but has since reclaimed the $77,000 price point. BTC is down 2.3% in the daily charts, 8.8% in the weekly charts, 12.2% in the 14-day charts, and 5% over the previous month. Despite the dip, BTC has rallied 9.4% since April 2024.
Read More