Replying to Avatar EVERYTHING

Beautiful thesis Lyn, my general question therefore remains, why would the global price of bitcoin go up when it's the US causing the expansion, as opposed to say Egypt's form of QE in Egyptian Pounds.

Sorta seems like the price increment globally depends on what only the Fed or Tether does

Do you disagree with this assesment
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Lyn Alden 1y ago đź’¬ 2

When the US does QE it generally weakens the dollar relative to other currencies for a period of time. Many countries have dollar-denominated debt, and so a weaker dollar improves their domestic liquidity conditions. Bitcoin’s strongest correlation is with global liquidity conditions, of which the US is the biggest variable, and China second.

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EVERYTHING 1y ago

So you're saying that trading pairs of BTC/EGP, BTC/NGN et al are really measured from dollar converted denominations. And not as a result of monetary expansions in these countries??