The Impact of a Weaker Dollar on Crypto
As the US dollar declines, it’s become a prominent topic in crypto circles. This is primarily because a weaker dollar leads to inflation, which reduces purchasing power. When this happens, investors start looking into alternative assets, and cryptocurrencies like Bitcoin and Ethereum shine as options. In countries with high inflation, cryptocurrencies act as a hedge against a devalued currency, and this correlation is not merely a coincidence. It’s a clear trend: when the dollar weakens, crypto adoption rises.
With more countries experiencing inflation, the interest in cryptocurrencies only increases. They provide a decentralized financial solution for those who can’t rely on fiat currencies. A decline in the dollar doesn’t just…
