The world economy LOVES a weak dollar. LOVES IT! You know what the world economy hates? A strong dollar.
Some of the rises in crypto is actually the weakening of the dollar - but to see a strengthening dollar AND strengthening crypto? That's ideal. If we decide to buy crypto, it's with a strong and valuable currency. If we decide to sell crypto, it'll require many many strong dollars to compensate us. Win. Win.
A strong dollar sucks liquidity out of everything and tank risk-on markets.
In fact this is what's been happening for years with the FED raising interest rates faster than they ever had before. We've been getting a deal on crypto this entire time without even realizing it.
The purchasing power of my CAD for crypto is goddamn abysmal right now.
Yeah that's pretty not great.
At least you're not Nigerian :D
got damn!
hahahah at least there's that!
That means crypto is worth more than it seems. !BBH
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