Unexpected USD price index Correlation with BTC Price in USD
Okay okay okay, do not use this to make me feel stupid if I am wrong.. but due to recent news and rumors about the US treasury, I got to wonder and put this together in a chart. It seems like up until recently they're starting to follow each other.
I do not have a clear idea on how this mess would actually make sense, but it is something that is common in our markets. for example Gold being used as a reserve by the US treasury (or at least it used to not sure if they still do because of the gold standard) BUT definitely Silver.
BTC as a commodity does make more sense than defining BTC as a currency, just like gold. This is overtly controversial, due to the fact that BTC is said to overthrow capitalism as we know it. However, when we think about it; most people on BTC are not using the crypto blockchain technology the way it was meant to be. Doesn't cryptocurrency facilitate the process of transferring goods or money compared to banks or cash? even at a cheaper price. like what do you think would happen if tried sending anything over 10K USD outside the US? yupppp taxes, complicated process, investigation, weeks, and a price-tag. That is our real world & I understand why they do it: it is simply because of MONEY LAUNDERING. That does not exist with cryptocurrencies. it cannot be forged into fake coins, fake money, and if money laundering was to take place in a blockchain it would be spotted RIGHT AWAY. Even hackers in the blackmarket trust using crypto, that should not scare us but rather teach us that hackers take the safest and fastest route all the time. Don't follow them, learn from them.
Still, BTC is mostly used to be exchanged to profits is FIAT currency. makes sense. perfect sense. well here is an IDEA that wasn't used in gold. How about we use FIAT, not any fiat but the USD and exchange to gain more commodities?? isn't that the reason we work our culo for? we usually get USD and consume our dollars for essentials as an example. What if we used USD to get more BTC, and with BTC get essentials or even ASSETS. since BTC is safer, and if US treasuries was to use BTC as a form of reserve, than shouldn't every time we exchanged USD for more BTC rise index value of the USD??
I KNOW RIGHT, I must've got something wrong, or the world is just wicked. but the future seems a little bit better actually. please help a brother tell me this is wrong.
I do not have a clear idea on how this mess would actually make sense, but it is something that is common in our markets. for example Gold being used as a reserve by the US treasury (or at least it used to not sure if they still do because of the gold standard) BUT definitely Silver.
BTC as a commodity does make more sense than defining BTC as a currency, just like gold. This is overtly controversial, due to the fact that BTC is said to overthrow capitalism as we know it. However, when we think about it; most people on BTC are not using the crypto blockchain technology the way it was meant to be. Doesn't cryptocurrency facilitate the process of transferring goods or money compared to banks or cash? even at a cheaper price. like what do you think would happen if tried sending anything over 10K USD outside the US? yupppp taxes, complicated process, investigation, weeks, and a price-tag. That is our real world & I understand why they do it: it is simply because of MONEY LAUNDERING. That does not exist with cryptocurrencies. it cannot be forged into fake coins, fake money, and if money laundering was to take place in a blockchain it would be spotted RIGHT AWAY. Even hackers in the blackmarket trust using crypto, that should not scare us but rather teach us that hackers take the safest and fastest route all the time. Don't follow them, learn from them.
Still, BTC is mostly used to be exchanged to profits is FIAT currency. makes sense. perfect sense. well here is an IDEA that wasn't used in gold. How about we use FIAT, not any fiat but the USD and exchange to gain more commodities?? isn't that the reason we work our culo for? we usually get USD and consume our dollars for essentials as an example. What if we used USD to get more BTC, and with BTC get essentials or even ASSETS. since BTC is safer, and if US treasuries was to use BTC as a form of reserve, than shouldn't every time we exchanged USD for more BTC rise index value of the USD??
I KNOW RIGHT, I must've got something wrong, or the world is just wicked. but the future seems a little bit better actually. please help a brother tell me this is wrong.
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