The Dollar or Bitcoin

The Dollar or Bitcoin???

A government authority or central bank, yet the US dollar plays an unofficial role in assessing their value. Most trading platforms display the price of Bitcoin in dollars, making it a common unit of measurement for investors. This indirect relationship makes the dollar an important reference for understanding the value of Bitcoin, especially amid the significant fluctuations seen in digital currencies.

However, this relationship is not one-way; sometimes, movements in Bitcoin can influence investors' perceptions of the dollar, especially during times of economic crises or when markets seek alternatives to traditional currencies. For example, in 2020, with the escalation of the Corona crisis, the price of Bitcoin rose significantly as investors began to lose confidence in fiat currencies due to the quantitative easing measures taken by central banks. It is noted that the rise of digital currencies is due to this measure, as U.S. Trade Representative Jameson Greer stated on Sunday afternoon: "We are confident that the agreement we reached with our Chinese partners will help us work towards resolving the trade deficit.

Bitcoin or the Dollar$