BREAKING: The US Dollar Index (DXY) just broke above 100, signaling renewed dollar strength and raising pressure on risk assets like #Bitcoin.
Discussion
This is the opposite of what the Treasury wants. They’re gonna print so hard 🤣
😂
Strength because we haven’t turned the printer on as fast as the rest of the world.
We need to keep in mind the DXY is priced against a basket of other fiat junk currencies and not against real assets, i.e., BTC and gold. They are just hammering real asset prices because they can and we invited them in. All planned. Once we let the foxes in the henhouse, this is what we get