“Worse than 1971” – the price of the dollar “collapsed” is expected to ignite the Bitcoin challenge with a value of 22 Trekon to gold
04/12 update below. This post was originally published on April 11
Bitcoin swared violently over the past week, while traders were riding US President Donald Trump Rollercoasster (With Michael Celor’s strategy, which leads a shock warning).
Bitcoin price maintains the latest tariff shots launched by Trump and China after being drowned with stock markets in early April –Even while Wall Street wrestles with a “existential threat” waving on the horizon of Crypto.
now, While merchants are betting on changing the federal reserve gameBitcoin price is prepared for the “Crisis of Confidence” in dollars, as the US dollar index has decreased to its worst day since 2022.
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US President Donald Trump is fighting with a “crisis of confidence” in the increasing US dollar … more
Analysts, including Francesco Pissol, wrote in a note: “The issue of a potential dollar confidence crisis has now been answered – we are facing one with its full power,” said analysts, including Francesco Pissol, in a note. visual by Bloomberg. “The collapse of the dollar acts as a scale for” Sell America “at the present time.
Trump’s escalating world war witnessed the dollar of the dollar, which measures the US dollar against a basket of global currencies, which decreased sharply this week, decreased by the level of 100 and put it in its path to return to its 2022 range.
04/12 Update: The US dollar fell to its lowest level in three years, as US President Donald Trump’s hot and cold approach to global customs tariffs pushes severe fluctuations on US financial markets.
“What we are going through now is worse than it was when former President Nixon brought us out of the Golden Standard in August 1971,” Mark Chandler, the chief market strategy in New York in Panborn International, He said Marketwatch. “The biggest damage is now for the American brand.”
Meanwhile, chaos and uncertainty in an escalating tariff war can help Bitcoin to bridge the gap on the market value of $ 22 trillion, according to a report From Bitcoin and Crypto Asset Manager Grayscale.
“In our opinion,” interruptions “can lead to international trade and international trade that focuses on the dollar to further reserve diversification by central banks, including Bitcoin.”
“Bitcoin is smaller than to know how it would have been acting in the previous episodes, but historical data shows that” inflation “tends to be negative for traditional asset returns and favorable to rare commodities such as gold,”
Bitcoin, sometimes called digital gold because of its scarcity, has so far failed to follow the highest gold where the origins of merchants panic in the face of a global trade war looming on the horizon, where the price of gold reached the record, which is the highest level in this week.
“The market re -evaluates the structural gravity of the dollar as the global reserve currency in the world and is subject to a process of rapid disposal,” George Saravilus, head of Deutsche Bank’s research, wrote in a note in a note. visual by The city in the morning.
The dollar is looked at by some as it enhances the price of bitcoin, as the Bitcoin traders will follow the footsteps of Gold, and perform as a safe origin.
“The dollar supports support for encrypted currencies” such as high tidal, the decline in the dollar raises other assets, “he said, adding that” the dollar in encrypted currencies is supported. “
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Bitcoin price has fell from its highest level in recent weeks, but it has surpassed me … more
“Bitcoin’s association with American stocks has ignored excessive attention, while its relations with the federal reserve policy and the US dollar path deserve more scrutiny,” said Joel Kruger, a market expert at LMAX Group.
Trump was pushing the head of the Federal Reserve Jerome Powell to reduce interest rates while he was starting in his global trade war, providing expectations that the Federal Reserve can be forced to reduce interest rates until 2025, Either in response to the economic slowdown by the tariff, or because Trump released Powell.
“Market dynamics turn with the amendment of expectations at the Federal Reserve Bank of pressure from American commercial policy, with expectations of discounts in the most severe prices in 2025 now. This axis is towards a more absorbing position that is preparing to alleviate the returning differences, which weakens the attractiveness of the dollar, and in turn, it creates a back -back trawk for Bitcoin.”
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