The US is smashing records:

👉 The national debt is the highest it’s ever been;

👉 The US Dollar Index (DXY), which tracks how strong the dollar is compared to other major currencies, is at a 3-year low and 6.5 points below its 200-day moving average - the biggest gap in 21 years.

... Sure, maybe that wouldn't be something you brag about, but a win is a win? I guess?..

Well, it surely isn't a win for the economy: a weaker dollar means imports get more expensive, inflation risks rise, and confidence in US fiscal stability decreases.

But for crypto… when the dollar gets weaker, investors tend to look for better places to put their money - usually riskier assets that have more upside, like stocks, gold, or Bitcoin.

Historically, periods of a weak dollar have lined up with stronger Bitcoin demand.