A weaker dollar (perhaps) and even more negative-yielding global debt are perhaps the two catalysts for the latest rebound in cryptos as Bitcoin bounces back above $10,000 after the weekend's plunge.
(Click on image to enlarge)
With Bitcoin cash leading the rebound and Ethereum retracing its losses for the week...
(Click on image to enlarge)
And as The Fed kicks off the global rate-cut bonanza, so we suspect Bitcoin will re-engage with the global volume of negative-yielding debt...
(Click on image to enlarge)
As Bitcoin offers, like gold, a hedge against the idiocy of policymakers.
Comments
Log in or sign up to join the conversation.