Global U.S. Dollar Shortage to Benefit Bitcoin?

“Everyday citizens are so focused on the trade war between the U.S. and China that most fail to see what’s really going on behind the curtains. There’s a shortage of U.S. dollars around the world and it appears that there’s nothing that the Federal Reserve can do to stop this pending crisis.

Logic dictates that bitcoin would be a casualty of this U.S. dollar crunch. If the smart money is in dire need of the greenback, it would make sense to sell their bitcoin holdings in exchange for U.S. dollars.

The liquidity game theorist begs to differ. In an interview with CCN, the analyst explained why the U.S. dollar squeeze is bullish for the number one cryptocurrency. Majin said,

‘Bitcoin’s unique selling proposition is being a storage of value entirely uncorrelated to the financial system or central bank policies.'”

https://www.ccn.com/global-u-s-dollar-shortage-benefit-bitcoin/

Master Asked on October 19, 2019 in Bitcoin.
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