Geopolitical Crisis May Benefit Oil, Gold and CBDCs, Not Bitcoin
Demand for gold is skyrocketing and the clamor for scarce assets in a remote-first world was precisely where bitcoin was supposed to shine. But it's complicated.
The bitcoin price could pull back even further should the dollar stage a full-blown recovery on the back of the latest Fed meeting.
The noted analyst says a possible end to the U.S. dollar-ruled financial system is "frightening, yet the probability is quite high."
Sell-off in the U.S. dollar and ether's price rally power gains in bitcoin.
The dollar index dropped to its lowest level since May 2018.
Thousands of new users are turning to bitcoin, according to Kraken and other exchanges, over fears that government stimulus will lead to inflation.