One can observe which of these scenarios the world is moving toward by keeping track of two prices: the exchange rate of Bitcoin against the dollar (pictured above), and the dollar inflation rate, which measures the exchange rate of the dollar against a basket of goods and services. If Bitcoin’s price plunges and approaches zero, it’s a clear sign the third scenario is underway. If the dollar crashes against both Bitcoin and real goods and services — that is, if Bitcoin and inflation both go to the moon — it indicates that Bitcoin Triumph is happening. And if Bitcoin rises against the dollar but inflation stays low, it means the middle scenario, Bitcoin as Gold, is in effect.
Wuzhen·Xiao Lei: From the ignition of the dream to the initiation of confrontation, what is the historical stage of Bitcoin? 乌镇·肖磊：从点燃梦想到发起对抗，比特币处在什么历史阶段_巴比特_服务于区块链创新者
Bitcoin Price Defends Critical Support Following Pullback; Bulls Eyeing Reversal
The Money Makers Club now has 6 of 15 available seats. Learn more here! Hopes of a bullish revival for bitcoin have not been lost in spite of the recent pullback, as the cryptocurrency continues to trade above a psychologically significant inflection point. The real test is whether bitcoin can maintain its holding pattern for […]
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