Dollar Index Still in Doldrums - Case For Buying Some Bitcoin?

Henrik Kugelberg, a Swedish over-the-counter crypto trader, points to the longer-term outlook of bitcoin versus fiat’s performance. “The macro perspective is of course that all currencies will lose value and the only hedge in the currency market the coming months is bitcoin.”

Indeed, the U.S. Dollar Index, a measure of the American currency against a basket of other fiat, is still in the doldrums.