CRYPTO IS NOT HEDGED AGAINST DOLLAR
We don't know when that will come but we should expect it very soon. The fed only gives us one economic data in a month whereas the chart gives us data daily, hourly, and every second. The data will slow down and unemployment data will change as well. Crypto is not hedged against dollar as some people thinks because dollars is the denominator of which Bitcoin activity changes. It is very simple, if the dollar goes up then the price of Bitcoin will go down.
It is an influence against inflation and the inflation we got now is supply-driven. That's not what Bitcoin does because Bitcoin does is debasement of currency as well as gold. It is a very deflationary force for us to have a strong dollar. It is obvious that we are living in an inflationary world but we are setting up ourselves for a deflationary world by the dollar continuing to go up. For instance, if the dollar continues to go up, countries with the biggest export of finished goods will sell the goods cheaper to the U.S because the currency is depreciating.
Crypto is giving us the signal that things are changing and we should hope for the best. The market is currently not doing much because it keeps going up and down without any significant movement. I think the crypto market is getting more attractive to investors as it gets cheaper because they will be buying at a cheaper price.
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