The Dollar Wrecking Ball: Why is a strong US dollar so dangerous?
The rising US dollar strength is starting to produce cracks across economies and markets.
Despite the current negative mood around Bitcoin, and around all the other cryptocurrencies, there are many people in the industry who realize these are only short-term problems. One of them is Charles Hoskinson, creator of the Cardano cryptocurrency, who is convinced Bitcoin has a bright future to look forward to.
If you haven’t given up on cryptocurrencies (which we definitely don’t recommend), you might be pleasantly surprised in the future. At least this is the point Charles Hoskinson tried to communicate, and not only through his tweets.
“Remember everyone, after the FUD (fear, uncertainty, and doubt) and manipulation clears out, we still have a global movement that's going to change the world. We will see 10k BTC again and welcome 100k. Crypto is unstoppable. Crypto is the future.”
This is how one of his tweets read, pointing out that, despite the current situation not being positive, the future will be definitely different. It’s enough to take a look at what Bitcoin has achieved during its existence. Notwithstanding all the technological progress (which should not be forgotten, either), Bitcoin entered the financial world extremely fast. Without much of an effort, it became the most profitable asset of the past decade and everything points to the fact that the trend it has set will continue in the long run.
Unless you are a trader, you shouldn't worry about Bitcoin’s current price at all. You shouldn’t panic even when reading the various negative articles trying to devalue or discredit Bitcoin. Remember, according to a large part of mainstream media, Bitcoin has already died more than 350 times.
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