Cryptocurrency From Geopolitical Lens

Geopolitics is beginning to play an important role, which means it will be very important to look at cryptocurrency in a Geo political way more than ever before, especially the USD stablecoins. When you look through the geo-political lens just between the popularity of the USDT and the US dollar that value been fallen, it is an interesting view to see. For the past few weeks, all we have been seeing is many different headlines about how countries are trying to abandon the US dollar for international trading. The dollarization that is happening springs forth from recent weakness in the US dollar per the DXY.

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For a better understanding, what the DXT does is to measure the US dollar against many US trading partners. The DXY reach its highest decree in over 20 years last untom. Most of the world's debt is in US dollars, and right now the US dollar debt has become more expensive as Federal Reserve began raising interest last year. This has led to more countries demanding USD and even shortages in some countries. The International Monetary Fund issued a record high of US dollars loan to developing countries and you should know that that loan didn't come with any strings attached and this string is always in the geopolitical interest of the US.

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Cryptocurrency like ADA was rejected from FTX collapse and it is coming back to retest again. It is show strength across the board, there are numbers of many cryptocurrencies that are going to do well. Bitcoin and Ethereum are ahead of the wave and many other Altcoins are still kind of embarking on this journey. I think this CPI data is the thing that sends things to the upside. You have got to watch all your cross-market analysis, I think Bitcoin is doing very well against the US dollar. I think we are going to be having really green week this week because the CPI data is going to be very bullish.