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Many people have a misconception that as long as the Fed listens to Trump and starts aggressively lowering interest rates, the Crypto Assets will enter a rampant bull run. In fact, this view is incorrect.
The reason why the US dollar can maintain its position as the global reserve currency is not solely due to the size of the US economy, but because it has institutional credibility; people believe it will not be arbitrarily manipulated by politics. Once the independence of the Fed is compromised, the first to suffer will not be others, but the US stock market itself, and the credibility of the
View OriginalThe reason why the US dollar can maintain its position as the global reserve currency is not solely due to the size of the US economy, but because it has institutional credibility; people believe it will not be arbitrarily manipulated by politics. Once the independence of the Fed is compromised, the first to suffer will not be others, but the US stock market itself, and the credibility of the