After the Dollar Index Fell, Both Bitcoin and Gold Surged

[ChainDD report] January 10 (ChainDD) Chen Hongbin, the chief economist of Sealand Securities, said that the dollar index had started to see a large-scale decline, which was the main opportunity to consider allocating in the domestic market in 2021.

"When the dollar index declines, all dollar-denominated assets will soar, such as Bitcoin, gold, U.S. stocks or bulk commodities," he said, "When the monetary and fiscal support problems occur in the United States, there may be a deepening of the dollar crisis in the whole system."


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