Boxmafia
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Leading analyst of the financial company Real Vision, Jamie Kutz, is confident that the American dollar will continue to shrink against the backdrop of rising cryptocurrency prices.
If you remember the period from 2002 to 2008, you know that the significant devaluation of the dollar ignited stocks and commodities in emerging markets, which tripled the established markets in terms of capital inflow. Investors focused on rapidly growing young economies and thus laid the foundation for BRICS. Today, cryptocurrency represents an emerging market. Money flows where there is energy. Fiat currency is fading into the shadows, Kutz wrote.
Jamie attached a chart to his message showing that the dollar index began to decline back in 2023, and this year the rate of its fall has noticeably accelerated. As a result, fiat currency weakened to its lowest level in the last three years.
At the same time, the chart showed an increase in capital inflow to emerging markets, which Kutz refers to as digital assets. Therefore, if trends similar to those recorded from 2002 to 2008 repeat, we are in for a multi-year period of dollar devaluation.
#BTC only at Boxmafia)
If you remember the period from 2002 to 2008, you know that the significant devaluation of the dollar ignited stocks and commodities in emerging markets, which tripled the established markets in terms of capital inflow. Investors focused on rapidly growing young economies and thus laid the foundation for BRICS. Today, cryptocurrency represents an emerging market. Money flows where there is energy. Fiat currency is fading into the shadows, Kutz wrote.
Jamie attached a chart to his message showing that the dollar index began to decline back in 2023, and this year the rate of its fall has noticeably accelerated. As a result, fiat currency weakened to its lowest level in the last three years.
At the same time, the chart showed an increase in capital inflow to emerging markets, which Kutz refers to as digital assets. Therefore, if trends similar to those recorded from 2002 to 2008 repeat, we are in for a multi-year period of dollar devaluation.
#BTC only at Boxmafia)
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