The dollar can only strengthen for so long...
Bitcoin is the answer
What is the question you are probably wondering...
The question is what can help save a country from an ever falling currency?
Bitcoin.
The dollar keeps flying higher and higher due to the fed getting tighter and tighter with interest rate hikes and that means everything priced in dollars is going down.
Including other currencies like the British Pound:
(Source: https://twitter.com/AngelaRayner/status/1574305202760450048/photo/1)
Other currencies around the world are crumbling.
The pound just hit an all time low against the greenback.
I suspect that won't stop until the fed stops...
Bitcoin is the answer.
USD for the win right now - BTC definitely wasn't a good inflation hedge, so far...
People are required to feel the consequences first literally, before the omnipresent issue itself can be approached.
It's interesting... it's almost like bitcoin moved up with the anticipation of inflation. It did actually work very well in predicting inflation, I would venture to guess that going out over the next 12 months inflation is going to be non existent or even negative from here, which bitcoin seems to also be pricing in right now... just some thoughts.
Upvoted! Thank you for supporting witness @jswit.
The thing is, Americans actually see this and think they would "win" at something.
It simply more about who fucked up the most is who slides first...
And this will find a pause, when the fed HAS to step in to relief pressure from their allies. Above DXY level of ~120ish is where the real turd hits the fan and systemetical default waves roll in. I expect them to take action quite soon, while charts hint at around October.
At the same time crypto markets are desperate to move showing lifesigns on every little piece of Hopium.
TLDR;
October potential emergency rug on USD to safe US allies, leading to upside correction across all markets probably for 3-4 weeks?
Pretty much exactly how I am feeling as well, nice call.