In reality, Bitcoin is not going up, it is the dollar that is going down.

in LeoFinanceyesterday

In reality, Bitcoin isn't rising; it's the dollar that's falling. This is what's been happening in recent weeks, even months. Bitcoin is holding up well, and the US dollar is in free fall.

Free to use under the Pixabay Content License

Thanks to the brilliant performance of our friend Doland, first with tariffs, then by kowtowing to Putin, later by playing war games with Iran, and now by trying to undermine the authority of the Federal Reserve.
It seems that this business genius's latest brilliant idea is to get rid of Jerome Powell because he doesn't bend to his whims. That way, it's possible that the dollar will become worth less than the ruble. Americans will then be so poor that they can compete with Chinese production costs without any difficulty or need for tariffs.

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I've been watching Sterling and the Euro strengthen against the US Dollar, all the time realising that all three are sinking it's just the Dollar sinking fastest.

America has fallen into exactly the same trap as the Roman Empire; producing money out of thin air devalues the money that existed before the inflation that creates.

But living in the UK, the problem it creates for me is that Dollar-pegged stablecoins are losing value very fast. This applies particularly to HBD; a certain percentage of the monthly interest is just covering dollar's crash. There could come a point where the decreasing value of the dollar accelerates past the ability of inflation to compensate.

I'd love to see Hive offering two stablecoins; HBD and another pegged to either a basket of cryptos, a basket of fiats including BRICS ones, or (even better) gold.

!BBH

Posted using The BBH Project

The best would be one linked to gold or BTC

Definitely - the US dollar dropped from 1.35 to 1.37 to the pound today, which is equivalent to losing £100 off the value of my HBD 😒

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