If the HBD uses the USD as measurement, would that not mean that if the USD goes down, the HBD goes down as well, e.g. compared to the value of the Swiss Franc? Not because the HBD is bad, but it voluntarily and algorithmically it decided to be coupled to the USD.
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That would be true it would decrease against the Swiss Franc. But which is more likely to be strong over the next decade, the USD or other fiat currencies.
And as we saw, during this bear market, cryptocurrencies fell against the USD.
So it becomes a rather interwoven dynamic.
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