Post
Topic
Board Economics
Re: Dollar rises in Indonesia, what is the economic fate?
by
andrei56
on 26/09/2018, 02:57:38 UTC
In Indonesia, the dollar rises while the Rupiah weakens, if the dollar rises why Bitcoin Prices do not rise.

Look: The dollar is rising, in Indonesia it can't overcome the problem of a stable dollar, now in Indonesia is experiencing Chaos, many people and even Students are Demonstrating against the Government, so that the dollar price cannot go down,

What about the economic fate in Indonesia, will it continue to experience chaos?
We know that the price of bitcoin in terms of fiat is mostly denominated in US dollars so if as you say the dollar is raising against the local currency of Indonesia then the price of bitcoin is rising as well, I do not know the precise conditions in Indonesia but it's likely that something similar to what happens in other countries could happen there as well, the dollars are going to become more difficult to get and people are going to try other ways of preserving their wealth including bitcoin and that will make the price to go up.