“The devaluation of the purchasing power of the U.S. Dollar DX_F has only just begun. This is why Bitcoin BTC, real estate, U.S. equities and commodities will continue to trend higher when expressed in USD fiat terms.”
Brandt’s latest analysis comes after the U.S. Senate passed President Biden’s Covid stimulus package to the tune of $1.9 trillion. Bitcoin bull Anthony Pompliano says the relief package will have a massive impact on the value of the US dollar and Bitcoin.
“Thinking the dollar is stable in purchasing power terms is completely insane. 40% of all dollars in circulation will be created in 12 months after this $1.9 trillion… Purchasing power is drastically down. Compare dollars to stocks, real estate, goods, services, Bitcoin, etc… The US Senate just agreed to reiterate to the world why Bitcoin is important and valuable.”
“Two charts to carefully watch in the days ahead. ES_F S&Ps ‘V’-extended bottom. New highs ahead.
BTC inverse head and shoulders pattern. New highs ahead.”
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