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Will bitcoin crash the dollar

Will bitcoin crash the dollar

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Learn more about Consensusof them eyeing bitcoin as a hedge against inflation.

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How Will Bitcoin Be Impacted by a Recession? - Lyn Alden - Alessio Rastani
Global investment bank Jefferies has cautioned about the potential collapse of the U.S. dollar, which could prove advantageous for bitcoin holders. Jefferies is. igronomicon.org � collapse-of-us-dollar. It's the Creator-Destroyer paradox, in a sense. If the dollar collapses, it might create or stimulate the rise of crypto as a global currency.

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Share Copied. Supporters of bitcoin see it as a diversifier in balanced portfolios, but it did no better than stocks at the start of the coronavirus pandemic. By some estimates, the Bitcoin network consumes as much energy as entire countries like Argentina and Norway, not to mention the mountains of electronic waste from specialized machines used for such mining operations that burn out rapidly. Will bitcoin go up if the stock market crashes?