btc Weak Dollar Strong Bitcoin

[Dormilon 2183]

Many of us associate the weakness of the dollar against other currencies worldwide as something negative in the US economy, even though there are different criteria on the subject, what is clear is that the weakening of the dollar is beneficial for BTC, when The US federal reserve injects large capital into the economy, lowers the price of its currency and therefore the internal economy tends to become more dynamic, so large capital begins to move and investments appear, for this we see the recent rise in the price of Bitcoin, the injection of money brought as a consequence that the economy began to move and large capitals to seek investment in a scarce currency such as BTC.
An equal or greater stimulus for the US economy is expected for 2021, we will be facing the possibility of a greater increase in the price of BTC, the dollar could weaken and our star currency within the crypto ecosystem will become stronger.
If there is a growth of the BTC in 2021, what would be a forecast for the second half of the year? I think it could go up to 23k dollars.

 

 

 

[hani20980 2706]

Of course the high demand for bitcoin will affect the dollar and it's value because bitcoin become

very popular and some peoples start storing BTC and leave the fiat already im sure that BTC will

replace the fiat in someday

[pablomarwan 3082]

The drop in the dollar’s price against other digital currencies would help some countries. I mean when the currency of a country converges with a dollar. This will enhance the exchange process and its facility to facilitate many things. But with regard to digital currencies, I think that you will not see any big differences. As for the price of btc, it will rise even if the dollar falls

[Khan 1414]

On 11/29/2020 at 5:11 AM, maxumoto said:

is that it is going to rise very often, there is a lot of good news that makes it arrive and break the barrier. It is only 3 days until the ETH2.0 release, which will greatly help support and growth for many investors.

It can not be possible to week the dollars because when need the money in cash than you have to convert it from the crypto to Fait and the Fait is getting stronger rather than Bitcoin.

[cryptovlek 2597]

On 11/28/2020 at 7:37 PM, Dormilon said:

If there is a growth of the BTC in 2021, what would be a forecast for the second half of the year? I think it could go up to 23k dollars.

We have seen how Bitcoin can go very high in just a matter of days. We also know that when this happens there can be that Bitcoin will go down next in equal prices and the market can be in red again. 23k dollars was very reasonable but greed took over price is close to $30k and it won't be for good.

[Syedbesharat 5423]

BTC price is always compared with USD where the price increase and decrease become measurement for people but the U. S isn't going to weaken easily because the U. S have strong economy and BTC is not fully developed yet to perform dominance over USD. Their for after have $50K price it can't dominant toward fiat currency because if U. S declared it as illegal people who adopted and increases it's price will leave BTC and price will fall down. 

[Serbberq 724]

Bitcoin and USD have different economy system which they can't affect each other and USD have a great economy system which cannot be broken easily. Bitcoin and USD depends on users interest to use which one they sees git for them and bring more profit in making transactions. 

[Fixfin 2569]

The weakened dollar is probably the reason for investors trying to find assets that were not very inflated so they selected Bitcoin and Ethereum out of cryptocurrencies, as they were available to them by grayscale, however the crypto exchanges have also been enjoying increased volumes and the prices of many crypto assets have been inflating recently.

[Farukatie 1271]

Truly, the debilitating of the dollar causes bitcoin to rise. It may occur because of continuous policy centered issues in the US. In any case, I don't feel that bitcoins bullish run will proceed with further. However, as a bitcoin holder, I trust that Bitcoin will proceed with its bull run. As BTC and USD are two different currencies USD is a traditional currency e and BTC is the the digital currency and it may effect on one another.

Edited January 3, 2021 by Farukatie

[velasco19 1753]

My position on the matter is that the massive printing of the dollar is causing it to lose a bit of value, so people try to enter assets like BTC that are considered as a store of value.
The cryptocurrency market clearly benefits from the weakening of the dollar because that represents more capitalization coming in.

[tienda 8776]

Without the doubt because of the dollars crisis Bitcoin rising more, but I think in some days the dollar recuperate its real power and the things will start retuning to their places. This is not the first time, where the dollar loss its value and then return again, so the weak dollar always convert to the strong dollar.

[annayks 2314]

Somehow the stimulus only focused in the money in some accounts but missed all the money given to companies and banks, this is unlimited amount of cash each company has accumulated and they don't know what to do with so much fresh printed money, or just numbers in the bank systems that were added in their accounts. The dollar could have a terrible time in the next few years and already the decline started against most forex pairs.

[susan8929 811]

I also think that the weakness of the dollar is beneficial for Bitcoin, because investors are looking for other alternatives to take refuge from further falls in the dollar.
Regarding the economic stimulus, more were recently approved, so it is possible that btc will continue to rise, because I think it is possible that some of that money will enter the cryptocurrencies.

 

Well, your prediction came true even before the end of 2020, so I think the btc may be worth perfectly $100k by the second half of 2021. Although it all depends on what happens during the year, but for now the market is completely bullish and many institutional investors are entering. In addition, btc only needs to make 300% from the current price to reach $100k.
 

[Jromz 2158]

True, in my opinion the weakness in the US dollar is also a big contributor to the price increase we have seen in Bitcoin by the last months of 2020. I guess such weakness can be somehow a consequence of the COVID-19 crisis and the insane amounts of dollars that have been printed to "sort" this crisis. It makes sense that investors are seeking in Bitcoin a hedge against inflation.

[Lokeloke 576]

On 11/28/2020 at 6:37 PM, Dormilon said:

Many of us associate the weakness of the dollar against other currencies worldwide as something negative in the US economy, even though there are different criteria on the subject, what is clear is that the weakening of the dollar is beneficial for BTC, when The US federal reserve injects large capital into the economy, lowers the price of its currency and therefore the internal economy tends to become more dynamic, so large capital begins to move and investments appear, for this we see the recent rise in the price of Bitcoin, the injection of money brought as a consequence that the economy began to move and large capitals to seek investment in a scarce currency such as BTC.
An equal or greater stimulus for the US economy is expected for 2021, we will be facing the possibility of a greater increase in the price of BTC, the dollar could weaken and our star currency within the crypto ecosystem will become stronger.
If there is a growth of the BTC in 2021, what would be a forecast for the second half of the year? I think it could go up to 23k dollars.

 

 

 

Could anyone still be saying the value of dollars is reducing, chuckles 😀, while that same dollar is by three times the value of some countries currency, you're Rich when you hold some amount of dollars in some countries especially those Africa nations, but comparing dollars and Bitcoin, I do think they have less significant dependence value on each other and one doesn't affect the other like that

[percare 3192]

The problems of every economy are now observable even by someone that doesn't have financial knowledge. High debt, increased unemployment and fear of high inflation are all together at high risk of happening. There is no strong dollar or euro anymore. The fiat currencies are failing with the exception of a few like the yuan, however even the Chinese understand their yuan requires a very strong economy free of debt so they are having better planning and less excessive spending from other big economies.

Bitcoin in the midst of this economic collapse is rising as the features it has were always to be a hedge against economic problems and increase of debt. The fiat collapse that we face can only be met by investing in strong assets like gold or the most favorable Bitcoin that has easier access for everybody.

[zhoutong 2188]

Very conservatice prediction as Bitcoin is already above $30,000 and prices can keep increasing. The weaknesses of the dollar are obvious as well for many other currencies that have many problems. There can be some that will sustain all the damage but the dollar means that even the strong currencies and economies will have many problems starting from this year.

[godislovefll 1880]

I read a news story about these things and the dollar will continue to fall and what has accelerated this is the pandemic, and of course it is convenient for BTC because people out of fear stop using the dollar and go to cryptocurrencies and the best option is BTC, now only It remains to wait the next few days on news regarding the dollar.

[SuperCrypto 7193]

I did not understand your intention that it might reach $ 23,000, for me I think it will reach 46,500 before the end of 2021, for sure all of that benefits Bitcoin, in fact look at the economic history in the world, always the growth of a currency is at the expense of another currency or something else (Like gold or silver) This is how the currencies that will become truly competitive in the future rise, Bitcoin has a very large plan and will not stop at any limit in reality, so it is seen in the coming years that the fiat currencies will become affected by the Bitcoin moves.

[yonkii 3205]

The dollar is weakinening too fast after the american economy demanded an increased print and the Fed did more than requested. While the money printed can help only in the short term, a big problem that arises is how all this money will be paid back. It is something that nobody said and we already know that it will be increased taxation. Holding our Bitcoin in a non custodial wallet will help us survive anything.

[huesca123 946]

Whenever a country devalues / over prints its own currency, they are causing inflation, which means less buying power for the money. The dollar began its decline when it was taken off the gold standard by Richard Nixon, early 1970´s. When they do this, it only benefits the major banks, very rich people, the U.S. politicians who dont pay taxes & people who know how not to pay taxes - think Google, Amazon, Apple, etc.

 

All major empires have fallen because they devalued their currencies. It was 1 of the reasons why the Roman empire fell. The USA is a dying empire & one of the reason is how they create fiat currency. Many countries now dont want to take the US dollar, its status as a reserve currency is going down for this same reason.

[ibrahim halil anaç 138]

The day-to-day demand for bitcoin and altcoins is reducing the power of the dollar day by day. Now, investors have started to prefer cryptocurrencies instead of dollars.

[abohasnn9 2401]

My friend, according to what I saw, Bitcoin and the American dollar are very similar to each other, and the reason is that the dollar is economically dominant in all the currencies of the world, as all countries deal with it for commercial exchange, as well as Bitcoin is also the dominant over all other cryptocurrencies, and also all transactions between cryptocurrencies are about  By Bitcoin Thanks

[Bruno52 1141]

Bitcoin has already started out strong in the year 2021 with a value of over $30k and I think that it will be more valuable in the second quarter of this year as many people have discovered it and are now actively using it.

[jappy 1129]

This is the new financial era not only compared to the usd if it is not compared to all the fiat money the btc will pass over them due to a question of modernity of the system that helps us all that is why the btc will have no limit.