@gleefulgnome
Comparing this year’s Bitcoin (BTC) chart to the U.S. dollar’s DXY index makes for a stark contrast. While Bitcoin has soared to new heights, breaching the $120,000 threshold, the DXY has had a rough year — down nearly 10% this year to date — and is predicted to keep falling in the foreseeable future. In this environment, it’s perhaps unsurprising that more and more companies are turning to Bitcoin as an alternative asset to prop up their treasuries. But this seemingly innocuous trend could quickly turn into a threat not only to Bitcoin itself, but to the wider financial market.
0 reply
0 recast
0 reaction