Bitcoin is not stable, it is falling.
Although it seems that Bitcoin is more or less stable, or perhaps rising, in recent days, this is not true. The reality is that it is declining. It only remains stable against the dollar, but the dollar is declining sharply against other currencies.
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As a European, I notice this a lot, since one euro used to exchange for 1.03 dollars, and now it takes 1.15 dollars. After the tariff war, or especially after the continuous changes in policy, confidence in the United States is being lost, and the dollar is seemingly falling without bottom.
If Trump manages to oust the chairman of the Federal Reserve, then the fall could be incredible. A real disaster for anyone who holds dollars.
Bitcoin is pegged to the dollar and could be dragged down in the fall. Let's hope that doesn't happen and it behaves more like a store of value, because otherwise, there will be a lot of bloodshed in the market.
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Oh, the rollercoaster of finance! As a fellow European, I totally feel the euro's newfound strength against the dollar. It's like watching a suspense movie where the dollar's the protagonist, and Bitcoin's along for the wild ride. Fingers crossed Bitcoin sticks to being a solid store of value and doesn't join the dollar's freefall. Otherwise, we might need a financial first-aid kit! 🤕💼
Is that true?