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The Future of Bitcoin with Willy Woo (WiM379)
The "What is Money?" Show
Bitcoin's Correlation with the US Dollar and Global Economy
Bitcoin has become highly correlated to the US dollar strength, which is driving its price. The current high strength of the US dollar is creating headwinds for Bitcoin. If the US dollar weakens, there may be an opportunity for Bitcoin to rise later this year or early next year. However, there is a lot of weakness in the global economy, according to my personal belief.
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