THIS IS WHY BITCOIN IS DUMPING TODAY !!!!

Bitcoin and DXY Analysis

The speaker discusses the current dump in Bitcoin's price, attributing it to the rise of the US Dollar Index (DXY).

• Bitcoin's price has dropped from $97,600 to $96,000.
• The DXY has reached new local highs, last seen in 2020, which is inversely correlated with Bitcoin's price.

Currency Crisis and Dollar Value

The speaker explains the ongoing currency crisis and the impact on the dollar's value.

• Many countries are experiencing hyperinflation or high inflation, leading to a loss of value in their national currencies.
• The dollar is seen as a safe haven, causing people to sell other currencies and buy dollars.
• However, the speaker argues that the dollar is not a safe haven in the long term, as it loses value over time when measured against assets like gold or real estate.

Investment Strategy

The speaker shares their investment approach.

• They are heavily invested in Bitcoin and other tokens like Ethereum and Solana.
• They scaled down their Ethereum position due to the rising DXY, but kept their Bitcoin position open, expecting it to increase in value eventually.
• They suggest buying Bitcoin whenever it goes down, especially for spot buying, and waiting for it to break out before enjoying the potential gains.