The Dollar Milkshake Theory and How It Can Affect Your Crypto Profits
Brent Johnson. Source: a video screenshot, Real Vision / YouTube The Dollar Milkshake is a theory focused on USD and its global influence , and as such, it touches upon cryptocurrencies such as bitcoin (BTC) as well. There are arguments, however, that should the US central bank pivot, crypto may go up – and there are arguments that BTC may not benefit from the rise of USD. According to a Tokenhell report, investors and analysts found that the price movement of bitcoin and other cryptocurrencies has been moving in inverse proportion to the rise of USD. The report notes that “the main reason behind this is […] Dollar Milkshake because people have [begun] pulling out their investments from Bitcoins and put them into USD accumulation.” However, every time there is a speech by Jerome Powell, the Chair of the country’s central bank , the Federal Reserve (Fed), the crypto world and those beyond it are focused on the speech for signs about th...