Post
Topic
Board Economics
Re: The dollar affects Bitcoin?
by
Getmon
on 06/07/2019, 03:08:48 UTC
as we know, the dollar is now rising, from the rise in the dollar it turns out that the price of Bitcoin is also rising, so what I ask here is that this is related to the dollar increase? or just coincidence?

No effect. For me, it was purely coincidence. There is no reason why the dollar will cause a pump in Bitcoin. There is no correlation between a bullish dollar and a bullish Bitcoin. Well, if there is any, it will be very minimal, which means insignificant. However, on the contrary, it is possible that a very bullish Bitcoin will cause the decrease of dollar value.