Would Bitcoin (BTC) Profit Off The Imminent ‘Collapse’ Of The US Dollar?

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Bitcoin (BTC) is losing ground at the moment and appears to be in no shape to defend itself if major markets begin to crumble as a consequence of the US Dollar collapse. However, we have reasons to believe that it is going to be one of the top beneficiaries of the next global financial crisis. Even if we don’t go into detail of other causes and effects, we can clearly see that a fall in the value of the US Dollar (USD) is going to mean a rise in the value of Bitcoin (BTC) calculated in dollars. However, our analysis goes a lot farther than this. We are not talking about Bitcoin (BTC profiting only off a decline in the value of US Dollar (USD). If that were to be the case, Bitcoin (BTC) would still be worth the same in Euro (EUR) or Pound Sterling (GBP). Considering the state of global economy and financial markets today, we believe that Bitcoin (BTC) is well positioned to be one of the best hedges against the upcoming crash. The price of Bitcoin (BTC) will rise not only from a decline in the value of US Dollar (USD) but it will rise as adoption grows massively before and during the next financial crisis. The dollar is in one of the worst states it has ever been. The weekly chart for the US Dollar Currency Index (DXY) tells us exactly what is going on. The price has plunged below the 200 Week MA and…
Source: Would Bitcoin (BTC) Profit Off The Imminent ‘Collapse’ Of The US Dollar?

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