The U.S. dollar has experienced a significant decline, dropping 70% from its value at the time of the last election. Amidst this financial turbulence, Bitcoin has demonstrated remarkable resilience. The cryptocurrency’s ability to maintain its value relative to the plummeting dollar highlights its potential as a stable investment during times of economic uncertainty. These statistics underscore the contrasting fortunes of traditional currency and digital assets in the current economic climate.
Adam Livingston
@AdamBLiv
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2h Flat wholesale prices for one month and we’re supposed to clap like trained seals.
This is what we’ve been programmed to see as a ‘win’ – while the dollar has lost over 20% of its purchasing power since 2020.
We’re not ‘recovering’ – we’re living through an economic slow
BullsBytes
@BullsBytes
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5h The dollar is collapsing and Bitcoin is primed to run.
DXY is down 4.36% this month breaking down hard. A weak dollar has fueled massive risk-on rallies before and Bitcoin thrives in these conditions.
If this trend continues Bitcoin won’t just climb, it will explode.
JD
@JDCryptoGuy
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Mar 11 The significant increase in the M2 money supply over the past 70 days and the weakening U.S. dollar reflected in the DXY chart could create a favorable environment for Bitcoin and altcoins in the near future, especially after our recent crash. The increased liquidity may drive
Max Keiser
@maxkeiser
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Jan 15 The primary reason the US Dollar won’t survive Bitcoin is that the 300 yr. old nation state & central bank model won’t survive Bitcoin.
Bitcoin separates money from state, effectively killing the state.
El Salvador understands this and is preparing by decentralizing its
Joey Haddad
@ADVRJoeyHaddad
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Mar 10 Bitcoin is declining and may face increased government domestication.
It has evolved from a dark web currency to being seen as digital gold.
For further acceptance, its price might need to stabilize, potentially dropping to $50,000 or lower.
Kyledoops
@kyledoops
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Mar 7 $BTC just saw its second-largest capitulation of this cycle, with shrinking volatility and heavy loss-taking.
$92K is the key resistance (short-term holder cost basis), while $71K is the major support.
If selling pressure continues, a deeper correction could still be on the
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