ARK Invest CEO Cathie Wood says the U.S. dollar is stronger than investors think and could see a significant rise over the next few years. According to BeInCrypto, she argues that traders focus on the wrong gauge of the dollar, while a stronger dollar could put pressure on gold, reshape bond positioning, and test Bitcoin’s recent strength.
Wood says the broader U.S. Federal Reserve dollar index has risen 36% since August 2008 and is trading 44% above its long-term average. Gold has fallen from its record of $5,602 in January to roughly $4,140, while BTC rose 6.14% in September even as the DXY climbed.
$BTC
Wood says the broader U.S. Federal Reserve dollar index has risen 36% since August 2008 and is trading 44% above its long-term average. Gold has fallen from its record of $5,602 in January to roughly $4,140, while BTC rose 6.14% in September even as the DXY climbed.
$BTC