It seems to me that every cryptocurrency is loosely based off of the performance of the dollar... trends seems to show that when the dollar goes down, crypto goes up and vice versa.
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It seems to me that every cryptocurrency is loosely based off of the performance of the dollar... trends seems to show that when the dollar goes down, crypto goes up and vice versa.
That's a little more like gold isn't it?
Could it be possible that cryptos are loosely backed by gold then? I wonder how that will run out with H.R. 5404 that is emerging... the bill to back to dollar in gold again
I am not sure what you mean, but there is one crypto that is about to become public that is actually backed by banks to the value of 20 billion initially.