DXY - The Worst Crap Coin I Have Ever Come Across

Okay, the title is a little tongue-in-cheek. DXY is the US Dollar Index that was pegged to a benchmark value of 100 back in 1973.

The index is the relative value of the US dollar benchmarked against a basket of currencies (EUR 57.6% weight, JPY 13.6% weight, GBP 11.9% weight, CAD 9.1% weight, SEK 4.2% weight, CHF 3.6% weight).

It does not seem to be doing so well lately. Your US dollar if you have any, has lost over 10% of its purchasing power in the last year. Then again maybe all fiat is behaving the same relative to food, energy and housing.

This could be yet another reason to investigate and research whether cryptocurrencies have potential to have a place in your portfolio.