China’s currency hits a 2.5-year high as the dollar weakens — a classic bullish setup for Bitcoin that isn’t working. China’s onshore yuan closed at its strongest level since May 2023 on Thursday, trading at 7.0066 per dollar and... .
When their theory that the dollar would crumble after the fall of the gold standard in 1971, they came up with the excuse that the reason they were wrong was that the dollar was then the petrodollar because oil was being priced in dollars.
The pound rose to its highest level against the US dollar for more than two months yesterday as investors grappled with the outlook for on both sides of the Atlantic... The Federal Reserve ...
Crypto entrepreneur Daniel Tschinkel said that history shows no paper currency lasts forever, and the dollar is unlikely to be different. He explained that expecting Bitcoin to fail before the dollar misses the bigger picture.
... of 1.1769, the highest level since October 1. The move comes as the dollar slides following a recent rate cut and expectations for further cuts in 2026.
The dollar's death spiral is inevitable due to its status as a fiat currency, backed by nothing, and the Federal Reserve's unchecked money printin... .