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RE: Update on my forecasts for 2020

in #20204 years ago

Nice forecast..

Let's talk about the ones i believe will happeb

  1. Bitcoin can hit 30,000 for the mere fact that the FEDS are not doing well in regulating the currency
  2. Bitcoins dominance will definitely increase but 75% might be too much with news from ethereum and other promising cryptos like chain link
  3. I feel Donald trump will win just because of his experience as a politicoan.

I don't agree with the rise in the dollar. As a maotter of fact the dollar is heading for its doom as a lot of people are dumping the dollar. China has started and other countries will follow . Russia has decided remove vat from importation of precious metals. A lot of things are being done that are pointing to the fall of the dollar.

Just my opinion

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Thanks for your comment.
Concerning the dollar I think otherwise. As the USD is the most important reserve currency, most countries need to hold US treasuries to prove their solvency. China is not able to dump their holdings of US treasuries. If China would dump their holdings rapidly, this would trigger a collapse of the Yuan. The effect on the Yuan would be far bigger than on the USD.
Out of all fiat currencies I expect the USD to be the last to fall.

Also interesting on this topic: https://medium.com/tantra-labs/the-triumvirate-of-liquidity-4fe4ab48d120

That is my opinion.. the FEDS are doing a great job at pushing the dollar down and soon people have started shifting base to hold precious metal or crypto.