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Did Macro Kill Crypto? with MacroAlf
Bankless
The Dollar Is the Base of the Pyramid, Right?
The DXY is a measure of the dollar, which is at the base of the pyramid. The dollar accounts for anything between 60% and 80% of cross-border payments. Emerging market debt denominated in dollars was roughly 2 trillion,. somewhere like in 2000 and it's now 6 or 7 trillion dollars. We have seen the Federal Reserve making dollar access more tight with fringes down.
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