Bitcoin has Seen a Major Boost Amid Dollar Crisis

[OcTradism]

what "dollar crisis"?

month over month, nearly every asset in existence is significantly down against the dollar. cryptocurrencies, stocks, real estate, commodities, foreign currencies---you name it. even the DXY index is up 5% over the last 30 days.

leave it to bitcoin bulls to invent an imaginary "fiat crisis" to hype up their bitcoin holdings.

The drama about the work crisis caused global financial markets were dumped and pumped as of the pandemic is hilarious. Do you see and think of why Gold were pumped more than one month ago (people talked because of pandemic), then dropped (people turned around and talked about the pandemic but in opposite impacts), and pumped again last 2 days to nearly its peak one month ago (so this time, is it because of the pandemic, because it become worse than months ago).

Gold will increase and bitcoin will do too but because of the pandemic, because of work losses, I don't think so. Stay safe and stay positive about Bitcoin.

[eulaellison]

Thanks to Trumps' Bitcoin has seen a major boost amid the dollar crisis. As of last week, Trump approves a $2 Trillion Covid-19 stimulus package that has seen an upturn, with assets climbing in anticipation of this historic economic aid package.

Here is What to expect from Bitcoins major boost: https://itsblockchain.com/bitcoin-has-seen-a-major-boost-amid-dollar-crisis/

What impact do you think the stimulus package will have on Bitcoin in the long term?

Covid19 has become world history,

now many countries are experiencing an economic crisis because of this plague, and investors are moving money for dollars, I think investors are also moving money to bitcoin. I also think bitcoin will be stimulated in the long run

[Swordsoffreedom]

what "dollar crisis"?
month over month, nearly every asset in existence is significantly down against the dollar. cryptocurrencies, stocks, real estate, commodities, foreign currencies---you name it. even the DXY index is up 5% over the last 30 days.
leave it to bitcoin bulls to invent an imaginary "fiat crisis" to hype up their bitcoin holdings.

Due to the outbreak of coronavirus, economic conditions around the world have collapsed, the current situation in the United States of America is more critical. Their stock market will close tomorrow and Europe Monday as well. Because of coronavirus pandemic most of the cities are locked down. By saying 'dollar crisis' he meant the economic downturn.

[oleg8791]

Trump's stimulus package wasn't the main reason.
Bitcoin's price is now recovering after a sudden sharp due to the Coronavirus outbreak as it was expected. Plus what we see now is pre-halving effect.

[DraGonD]

We still not at "before prices" (9k lvl) and this is a major boost?

[kryptqnick]

Thanks to Trumps' Bitcoin has seen a major boost amid the dollar crisis. As of last week, Trump approves a $2 Trillion Covid-19 stimulus package that has seen an upturn, with assets climbing in anticipation of this historic economic aid package.

Here is What to expect from Bitcoins major boost: https://itsblockchain.com/bitcoin-has-seen-a-major-boost-amid-dollar-crisis/

What impact do you think the stimulus package will have on Bitcoin in the long term?

What the US is doing is dangerous, I agree with that. At the same time, this package is supposed to help people, so while a risky decision, perhaps it's worth the risks. As for Bitcoin, I don't see the 'major boost' you're talking about. Bitcoin's price increased by 10%, but it's back to the initial $6800, so I don't think it really worked. Moreover, a small change like that could've happened because of anything, I don't see how it's related to that $2 trillion package. Moreover, I think it's a little too early to state that there's the Dollar crisis. It might happen, sure, but we're not there yet.

[NavI_027]

We still not at "before prices" (9k lvl) and this is a major boost?

Maybe OP eas just a little bit exaggerated for using the word "major" . Nonetheless, bitcoin is doing great right now. Imagine, we are in the middle of the pandemic yet its price is stabilized on $6k - $7k mark. I guess that's already a thing you should be proud of. At least btc proves us how strong it is — that it can resist amidst a strong crisis.