Strong dollar? Weak dollar?
Regardless of which direction the U.S. dollar ends up going, you can be pretty sure any other form of currency – including Bitcoin and other cryptocurrencies – will go the opposite way.
“We went bullish on the dollar in April of 2018 when the global economy was in Quad 4 [growth and inflation slowing] and you had to sell everything off, which included cryptocurrencies, Argentine pesos and everything else,” Hedgeye CEO Keith McCullough explains in the clip above from The Macro Show.
“Even though it’s a digital currency, it still has to trade in dollars. So, dollar weakness could…perpetuate upside in crypto, Bitcoin, Litecoin, any coin.”
Watch the full clip above for more.