Post
Topic
Board Economics
Re: The dollar affects Bitcoin?
by
hatsoff2btc
on 07/08/2018, 05:35:27 UTC
I would say that this lobby of the dollar influences bitcoin. Very many are not interested in the development of crypto because it will have a negative effect on traditional currencies, which means that their assets will be reduced.
For the countries where dollar is main currency and the whole economic system is whirling around this one pillar, there is a deep connection of dollar and everything related to it. But like Ireland and other countries where dollar is just another currency, I don’t think so there would be big effect form this change. The drastic drop down or increase is independent to bitcoin.