DXY looking bearish especially following recent change in FED tone and language. Expect rates to move into the negative next time FED starts to cut. This would be very bearish for the dollar as it would encourage maximum investment across all asset classes. Anyone holding dollars in the bank would be left having to pay exorbitant charges.
If past trends persist, the dollar could bottom around 62-63 in September 2023.
These developments would make it very enticing for individuals to hold savings and make payments in something other than dollars, probably bitcoin. If the bitcoin network can continue to grow and scale then there is a huge opportunity to gain payment and store of value market share from the dollar in the next 5 years.
If past trends persist, the dollar could bottom around 62-63 in September 2023.
These developments would make it very enticing for individuals to hold savings and make payments in something other than dollars, probably bitcoin. If the bitcoin network can continue to grow and scale then there is a huge opportunity to gain payment and store of value market share from the dollar in the next 5 years.