The dollar affects Bitcoin?

[IanKaramazov]

as we know, the dollar is now rising, from the rise in the dollar it turns out that the price of Bitcoin is also rising, so what I ask here is that this is related to the dollar increase? or just coincidence?

I dont think they have anything connection.
Bitcoin went up because of the ETF thing. Now it went back down because that was just rejected. This is probaly the major reason for bitcoin price right now.

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[catubayjhon]

as we know, the dollar is now rising, from the rise in the dollar it turns out that the price of Bitcoin is also rising, so what I ask here is that this is related to the dollar increase? or just coincidence?

I think yes because the price of any crypto depends on what dollars price even if the token is rely on ethereum the price of is still based on dollars so i guess its really affect the crypto world.

[Emigham7]

as we know, the dollar is now rising, from the rise in the dollar it turns out that the price of Bitcoin is also rising, so what I ask here is that this is related to the dollar increase? or just coincidence?

There is a Co-relationship  between the raise in dollar and the raise in bitcoin. I don't think it to be a  coincidence. The increase will actually bring much return on investment to bitcoin investors

[leesoorany08]

I agree with you. The dollar is rising, and the price of bitcoin also changes.

[Andrew S]

I think it's just a coincidence, well, or with the growth of the dollar people start buying bitcoin, while the price is low.

[darklus123]

Sad to say but yes the price of bitcoin somewhat relates or varies in Us dollars. That also actually affects the other currencies.

I am seeing this type of pattern
Dollar affects the price of bitcoin
then suddenly the price of bitcoin affects the price of alt coins.
Dollar also affects the price of bitcoin on other currencies

[Maricel2017]

I agree with you. The dollar is rising, and the price of bitcoin also changes.

I do not think it will affects the value of bitcoin because the dollar value is based on the growt of the economy of america it is not related in the crypto currency, the value of bitcoin will increase its because the demand was started to increase since many people take the advantage of high value of dollar or there are some whale wanting to manipulate the quite stable value of bitcoin in the past month.

[Cacao2017]

If USD and EUR decrease due to inflation, the price of Bitcoin will increase. Therefore, fiat inflation will increase the price of Bitcoin in the long run. That affects the price of bitcoin

[gosha18]

In some way affects bitcoin, as with the growth of the dollar, the price for bitcoin also increases.

[Chrisjay29]

For me i think bitcoin will not effect if the dollar go down or up. Because they are both have different market. But its only my opinion and as i notice.

[MiukoOk]

No, the dollar is not related to BTC, BTC is a coin independent of the world economy, perhaps BTC is affected by many factors and there is no major factor to decide the BTC value. .

[Noelnada]

If USD and EUR decrease due to inflation, the price of Bitcoin will increase. Therefore, fiat inflation will increase the price of Bitcoin in the long run. That affects the price of bitcoin

Yes it is obvious that the price of Bitcoin in fiat currencies is affected by their relative purchase power. I think the OP question is a bit too vague but as the dollar is the world reserve currency it has a large effect on the global economy which has also an effect on the supply and demand of Bitcoin.

The connection between is thus direct and indirect but they both have their own complex dynamics, so as much as it's interesting it's a pretty difficult topic 

[fianaindriati]

as we know, the dollar is now rising, from the rise in the dollar it turns out that the price of Bitcoin is also rising, so what I ask here is that this is related to the dollar increase? or just coincidence?

I think the bitcoin with the dollar bill is not interconnected. it's just that dollar and bitcoin money is currently rising but the bitcoin rise is not related to the dollar's rise. because the dollar with bitcoin is quite different.

[BitGunner]

I think that btc is the best and soon it will replace the dollar as well. to my mind, this will happen soon and we need to be prepared for new innovations and changes in the market which are inevitable

[giarised]

as we know, the dollar is now rising, from the rise in the dollar it turns out that the price of Bitcoin is also rising, so what I ask here is that this is related to the dollar increase? or just coincidence?

The price of Bitcoin is being calculated with dollar, and I believe that there are lots of things that are being put into consideration to determine the price of BTC. So if the value of dollar begins to fall, I believe that BTC will get more costly and they will still try to balance it in a way, though I can’t explain exactly how they are going to do that but my point is that dollar does not really affect the price of Bitcoin.

[mr777]

I agree with you. The dollar is rising, and the price of bitcoin also changes.

In my opinion, USD does not have enough exposure to BTC, because no one can manage Bitcoin.

[RosieBoyd29]

as we know, the dollar is now rising, from the rise in the dollar it turns out that the price of Bitcoin is also rising, so what I ask here is that this is related to the dollar increase? or just coincidence?

I think it's just a coincidence, or just one dollar is threatening Bitcoin.

It has been suggested that countries around the world would like to use Bitcoin to replace USD to limit US currency risk and avoid US sanctions - This can not happen because the dependency of payment is natural, if not dependent on USD, it may be other currencies. If Bitcoin can replace the dollar in international transactions, then countries are ultimately dependent on Bitcoin or another virtual currency, which is a vicious circle. Another point that makes Bitcoin difficult to replace the US dollar is its limited currency, only about 21 million Bitcoin in the world to exploit. Therefore, it can not meet the needs of international transactions thousands of times.

In my opinion, Bitcoin may affect the role of the dollar as a currency accepted by countries around the world but can not threaten the dollar. As mentioned above, Bitcoin does not have a national force behind it, as the United States has an economy with annual GDP of trillions of dollars, and Bitcoin is not protected by any state. Meanwhile, the value of Bitcoin is being converted into USD, so it is not possible to Bitcoin threaten the dollar.

[fredo123]

as we know, the dollar is now rising, from the rise in the dollar it turns out that the price of Bitcoin is also rising, so what I ask here is that this is related to the dollar increase? or just coincidence?

The dollar is in jeopardy of plummeting, and with nothing to back it up, There is no telling how far down the plunge could be. So while early investors are giddy about the potential from and impact of bitcoin there is a victim here as more and more investors move towards Bitcoin, the U. S. dollar become worthless. The good news, Thanks to bitcoin youll no longer have to rely on the ever tanking U.S dollar.

[basyang]

as we know, the dollar is now rising, from the rise in the dollar it turns out that the price of Bitcoin is also rising, so what I ask here is that this is related to the dollar increase? or just coincidence?

The way I see things is, I think all of cryptocurrency and native currency are connected to each other. Personally, I think Dollars affect the bitcoin price based on what I observed lately. Maybe the value of dollars really affect the value of bitcoin price because when the dollars are rising bitcoin begin to high again and vice versa. And it also affect the investment that is why these two currency once increasing.

[nickwen]

I think the dollar affects Bitcoin a lot. If the dollar's price increases, people will sell Bitcoins and convert to dollars. If the dollar drops, many will use dollars to buy Bitcoin. That is my opinion