In the whimsical dance of currency, the US dollar‘s feeble waltz downwards has Bitcoin enthusiasts in a tizzy, yet Jamie Coutts, the seer of Real Vision crypto, is not without his qualms. 🕺💃
“As my predictive crystal ball turns a rosy hue with the dollar’s dramatic swoon, two specters loom, casting a shadow: the capricious MOVE Index and the widening Corporate Bond spreads,” Coutts mused on the 9th of March, his pen poised over the digital parchment of X.
He paints Bitcoin as a daring game of chicken, a spectacle pitting the decentralized against the central banks, offering a view that is cautiously optimistic amidst the storm clouds. 🌪️🏦
Market Watch reports the US Dollar Index (DXY) has tumbled to a four-month nadir of 103.85, a basket of currencies laughing at the greenback’s expense. 🤣💵
Coutts elucidates how US Treasuries are the pillars of global finance, their volatility akin to an earthquake, threatening to shake the very foundations of liquidity. 🏰🌋
He notes the MOVE Index, the barometer of US Treasury bond market jitters, stands stable but is on the ascent, a silent threat in the night. 👀📈
“The dollar’s hasty retreat in March might lead one to expect a calming of the seas, but if not, a reversal could spell doom,” Coutts opines, the bear lurking in the shadows. 🐻🌊
If Treasury volatility spikes, liquidity could become as scarce as hen’s teeth, potentially prompting central banks to ride to the rescue, a move that could, ironically, crown Bitcoin. 🚑🏆
Corporate bond spreads have been stretching like a lazy cat, and their reversals have historically heralded Bitcoin’s price peaks, Coutts observes with a wry smile. 😼📉
He concedes that these omens are less than favorable for Bitcoin, yet the dollar’s spectacular nosedive remains the star of his analytical show. 🌟📉
Bravos Research chimes in on the 6th of March, suggesting a declining DXY could be the wind beneath the wings of risk-on assets, from stocks to crypto. 🌬️🚀
Coutts also spies other rays of hope, from the global rush for Bitcoin reserves to the potential doubling of spot ETF positions, liquidity on the rise. 🌟🔁
“Envision Bitcoin as a high-stakes game of chicken with the central planners. With their options dwindling — and if HODLers stand firm — the odds are ever in the favor of Bitcoin’s bold.” 🎲👑
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2025-03-10 08:02