US Dollar index vs Bitcoin, Visualized
As you see, the US Dollar and BTC are inversely correlated. This chart uses EMAs to expand the price volatility of the US Dollar index chart to better compare it with the change in price for BTC, a much more volatile asset. You may also notice that throughout Bitcoin's entire existence, the DXY has been in a long-term bull market. Considering that the US Dollar is in a downtrend since its inception and that most expect it to continue down that path, what could happen to bitcoin growth? Perhaps a longer term (5+ year) DXY bear market would put Bitcoin in unprecedented motion in terms of market cap growth.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.