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1  Economy / Economics / USA inflation and crypto market cap on: October 16, 2021, 01:04:59 AM
How the increase of the American inflation contributes to the increase of the BTC's and altcoins price? If the fifth largest currency in the market (USDT) is fiat currency based, at the same time that USDT is one of the main crypto-currencies used to transform fiat currency into crypto and vice versa (at least in my country), what are the arguments that contradict the possibility of the whole cryptomarket value being inflated (or estimated/valued) by the extra dollars that were put in the American economy since the beginning of the pandemics? What would be the means for evaluating how much independent of the American economy is the cryptocoins market? And above all, personally I believe that one day 1 Bitcoin could be equivalent to 1 million dollars, but what will be the real value of the dollar when this happens? Maybe I'm ignoring many things in this thought, so I tought that would be interesting to create this thread to know what you think about this.
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