I expect we'll be having up and down movements over the next weeks, while remaining in the downrange. The general sentiments are gloomy, the effect of the lockdown visible in many economies and with an end to the pandemic not yet in sight, so I won't be expecting a quick recovery.
How has your asset allocation of stock,bonds, PMs, crypto changed? Are you more cash heavy right now?
I expect a heavy push of cash into the markets to encourage spending and revive economies, possibly leading to a inflation, this would likely lessen the weight of fiat.
But wouldn't, then, this mean that bitcoin's price in said FIATs will increase in comparison, the purchasing power might stay the same but it would go up because bitcoin is not dependent on a single FIAT currency, am I reading that right?