Yes real world market dumps do affect crypto markets (initially).. because theres something called panic.
But historically, yes, it is exactly the case... because Bitcoin has a fixed maximum supply of 21M coins... and the dollar's supply keeps increasing... the value of Bitcoin vs the Dollar increases.
This is 98% of the reason why Bitcoin has gone from $200 in 2013... to $30,000 today.
How is it not true? If the dollar loses value through inflation. Then bitcoin will have more dollar value... It is just one factor among many, and basic economics.
If the dollar loses value the dollar value of Bitcoin increases...
Uh, what?!? That’s not even remotely true. 🤣
It's 100% true. But there is a delayed effect.
Yes real world market dumps do affect crypto markets (initially).. because theres something called panic.
But historically, yes, it is exactly the case... because Bitcoin has a fixed maximum supply of 21M coins... and the dollar's supply keeps increasing... the value of Bitcoin vs the Dollar increases.
This is 98% of the reason why Bitcoin has gone from $200 in 2013... to $30,000 today.
How is it not true? If the dollar loses value through inflation. Then bitcoin will have more dollar value... It is just one factor among many, and basic economics.