{"id":461871,"date":"2021-04-21T17:29:34","date_gmt":"2021-04-21T17:29:34","guid":{"rendered":"https:\/\/ktsl888.com\/?p=461871"},"modified":"2024-06-11T13:55:08","modified_gmt":"2024-06-11T13:55:08","slug":"exponential-decay-dollar-bitcoin-btc","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/exponential-decay-dollar-bitcoin-btc\/","title":{"rendered":"“Exponential Decay” Of The Dollar To Benefit Bitcoin Long-Term"},"content":{"rendered":"
Bitcoin is now reeling<\/a> after a rejection prevented further highs around the time Coinbase Global went live on the Nasdaq. The same stock market has also been booming alongside crypto – both markets gone parabolic against a common denominator: the dollar.<\/p>\n The greenback’s “exponential decay” is poised to continue, further benefiting crypto and equities. However, some short term abatement of hyperinflation could bring pause to the bull market.<\/p>\n https:\/\/twitter.com\/btcty\/status\/82009867?s=12<\/p>\n Flash back to around 14 months ago, before Black Thursday<\/a> rocked finance and to when the pandemic first began. The stock market and cryptocurrencies were decimated by the panic that ensued.<\/p>\n But as a result of governments flooding the money supply with more money than ever before, both markets went ballistic. A bull market broke out in both stocks and cryptocurrencies, bringing all major indices to new all-times, and Bitcoin breaking all previous records.<\/p>\n Related Reading | Bitcoin, Coinbase Crypto Euphoria Is Blind To Potential Dollar Reversal<\/a><\/strong><\/em><\/p>\n The stock market and crypto are doing well for completely different economic factors and are such different asset classes, the real reason for the sudden parity is due to the dollar<\/a>.<\/p>\n <\/p>\n The dollar is in trouble \u2013 there’s no doubt about it. It’s value against other top world currencies according to the DXY has fallen. Against Bitcoin and stocks, the drop has gone parabolic<\/a>.<\/p>\n Zooming out on the DXY could suggest that the worst is yet to come for the greenback. A massive symmetrical triangle<\/a> has formed, similar in shape as the one Bitcoin broke upward from to start the bull market.<\/p>\n <\/p>\n Except before Bitcoin consolidated, the previous trend was up. In the dollar, the prevailing trend has been down, and that’s where things could still be headed if “exponential decay” continues as expected.<\/p>\n A fall of such magnitude as the measure rule would project, could take the top currency in the world down to historic lows. And with USD as the base currency at which all other assets are measured, price action could get a little wild<\/a>.<\/p>\n Related Reading | Potential Island Reversal Leaves Bitcoin Bulls Stranded<\/a><\/strong><\/em><\/p>\n If that happens, even if somehow a strategy rolls out to prevent against short-term inflation and the dollar gets some air, fiat is dying a fast death at the hands of Bitcoin<\/a>.<\/p>\nUSD Inflation Drop Goes Parabolic Against Bitcoin, Stock Market<\/h2>\n
Crypto and the stock market have both gone parabolic against the dollar | Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Exponential Decay To Continue, According To Dollar Currency Index<\/h2>\n
If the above pattern confirms, the dollar's fall hasn't even started | Source: TVC-DXY on TradingView.com<\/a><\/pre>\n