During the recent bitcoin bloodbath it was not the USD that was showing strength but rather the euro and the Russian ruble that were
Russian minister has come out and declared they’re cutting USD from their National Wealth Fund and now the Russian Ruble is coming into resistance against usd and even the recently stronger euro
I can’t help and see these kinds of steps being a bullish indication for bitcoin as USD is highlighted on a international level as an asset that has perpetually been in a macro bear market and there is a widening array of alternative currency to rely on for the purpose of both global transactions and a more supply stable asset with seemingly proven deflationary proponents
Russian minister has come out and declared they’re cutting USD from their National Wealth Fund and now the Russian Ruble is coming into resistance against usd and even the recently stronger euro
I can’t help and see these kinds of steps being a bullish indication for bitcoin as USD is highlighted on a international level as an asset that has perpetually been in a macro bear market and there is a widening array of alternative currency to rely on for the purpose of both global transactions and a more supply stable asset with seemingly proven deflationary proponents
