Being the worlds reserve currency, however, the dollar is expected to maintain its strength and recover from the downturn as soon as things get back to normal.
who expects this?
i'm no expert but i've been reading a lot of experts talking about how there is going to be a crash soon thanks to the extreme amount of dollars that Fed has printed over the past decade specially the gigantic jump in printing dollar over the past couple of months.
But I isn't printing the dollars is inflation in the market? I mean it won't help the economy if businesses are not running and cash flow isnt circulating in the first place. If they keep printing the money, give out stimulus packages (more to the current one) then it's like people are getting fed on government money and in return government is not getting taxes and thus they will ruin the economic balances. This is will cause more chaos in long run for the government.
We all know that dollar downtrend normally coincides with bitcoin uptrend,
we haven't had enough dollar downtrend to coincide with bitcoin uptrends while we had lots and lots of uptrends in bitcoin over the past 11 years.
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Corelation between bitcoin and dollar might be limited to stock markets, lets call it as an indirect relationship. Over the time it is truly seen how share market news floods the crypto exchanges as well where people refere something like this: "XYZ stocks to be listed, and company is involved in crypto investment", or "ABC company is to buy stocks and give out crypto platform to their shareholders". etc. That is just my point of view.
although some say bitcoin's value didn't really increase and instead it's dollar's value that deceased.
over the past month bitcoin price has gone up about 36% but dollar value hasn't yet tanked that much.
so bitcoin value did rise but it has nothing to do with dollar value dumping. not yet anyways.
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Yeah the same thing as above. No concrete proof.