What Bitcoin Needs To Thrive

JC Parets
July 28, 2022

Here's your chart of the day.

How can it not be?

It's the answer to the question: "What's it going to take for Bitcoin and Crypto to start doing well again?"

You see this inverse correlation?

Remember how great 2017 was for Crypto Currencies?

The Dollar was getting crushed.

Remember Crypto Winter in 2018 - 2019?

The Dollar was strong.

Then came 2020 - the greatest period of wealth creation for Crypto (and now NFTs) of all time.

How was the Dollar doing?

Crushed.

And then the Dollar bottomed last Spring and started ripping.

How has Crypto done in that environment?

So what's it going to take?

I think a weaker Dollar is what Crypto needs.

It's not a "want". I believe it's a need.

Do you agree? or disagree?

Let me know what you think!

JC

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