After the Dollar Index Fell, Both Bitcoin and Gold Surged

Abstract : When the dollar index declines, all dollar-denominated assets will soar, such as Bitcoin, gold, U.S. stocks or bulk commodities.

ChainDD
ChainDD

Jan 10

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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