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Is bitcoin going up, or is the dollar just going down?
Check out dxy, the US dollar index. It’s at the lowest it’s been in the last year and dropping. The dollar is en route to losing its status as a global reserve currency. I do not say this as something to cheer on as a US citizen who needs dollars. But it highlights the potential ramifications of a weakening bond market and a decoupling from traditional financial systems. submitted by /u/poloace [link] [comments]
Check out dxy, the US dollar index. It’s at the lowest it’s been in the last year and dropping. The dollar is en route to losing its status as a global reserve currency. I do not say this as something to cheer on as a US citizen who needs dollars. But it highlights the potential ramifications of a weakening bond market and a decoupling from traditional financial systems.
[link] [comments]
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