Post
Topic
Board Economics
Re: The dollar affects Bitcoin?
by
FlightyPouch
on 06/07/2019, 11:53:03 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?

indeed the increase in the dollar certainly influences the development of the next bitcoin. because bitcoin is a digital currency that is fixed on the exchange of dollars. so it's only natural that the dollar grows, crypto will also grow

That is right but when the dollars grows, it doesn't mean that bitcoin will grow too. That still depends on the demand of the market. The investors will tell how the price will go, with their every movements in the market, that can really affect the price. That is how volatile bitcoin is, we should really be cautious and aware of that especially to new investors.