Re: Russian Dump of US Treasuries Fueling Bitcoin?

Quote from: jc01480 on July 18, 2018, 04:43:22 AM

Saw this today and wondered if the rebound could be linked to the dumping of at least half of US Treasuries bonds by Russia. Hints are this will soon coincide with a massive dump by China in the next few days. Seems like China-Russia is allied against the US economically and maybe people are pulling their money out.

https://www.zerohedge.com/news/2018-07-17/russia-liquidates-its-us-treasury-holdings

If Russia and China start selling their US bonds,the US dollar value will have to decrease.I don`t see anything like this happening right now.The US dollar is stable as hell.By the way,bitcoi is tied with the USD,so if the dollar value decreases,the bitcoin price will have to decrease as well.