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0.000774594955737391 0.000417571404710182 6.26357107064738E-05 0.00267245699014526 0.00254718556873219 0.0050943711374645 0.00317354267579752 0.00425922832804402
Stock impact report

Analyst rules out 'nuclear' dollar printing but Bitcoin still not safe [Yahoo! Finance]

Coinbase Global, Inc. - Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
The DXY is an index that measures the value of the USD relative to a basket of foreign currencies. The index's decline indicates the weakening of the dollar. Generally, such news is considered bullish for Bitcoin (BTC) because the cryptocurrency is considered a hedge asset during times of dollar devaluation. But there is one analyst who thinks there is no prospect of a bullish case for Bitcoin anytime soon. Related: Longtime bull makes 'ugly' prediction for gold rival Global macro analyst Luke Gromen , well-known for his bullish stance on Bitcoin as a hedge against fiat debasement, recently said on his YouTube channel that he doesn't foresee a “nuclear printing” the next year. It means the U.S. will not print a large quantity of U.S. dollars in 2026, as per Gromen. Bitcoin is acting like a high-beta tech stock, not a safe haven, and near-term conditions could push its price lower before it can recover, Gromen said. The cryptocurrency, in fact, reflects liquidity in the Show less Read more
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