4min chapter

Coin Stories with Natalie Brunell cover image

Luke Gromen & Preston Pysh: Macro + Bitcoin Outlook for 2023 - "Mild Recession Not an Option"

Coin Stories with Natalie Brunell

CHAPTER

Is the Dollar Declining?

The dollar is declining for multiple reasons I think it is a function of up until recently the Treasury General account being run down by Yellen so that's sort of a real tactical move. You have seen evidence of some building by a foreign reserves which is basically injecting dollar liquidity into the system by certain foreign banks in particular maybe the Chinese to a lesser extent. Those have been two of the bigger sort of sort of the bigger drivers you can really point to and say this has driven it. Ultimately the the mechanics of that because there is a huge amount of dollar denominated debt outstanding globally when you get the dollar down it's akin to somebody borrowing in Mexican pesos to buy to buy a house in

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