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A community for the latest discussions about the cutting edge of crypto design, it's culture and significant crypto news. Decentralize everything. Check out our [Community Guidelines](https://relevant.community/crypto/post/6122269e61d1cd005a877277/62427d3ed587ad005b647828)
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Bloomberg article post that the dollar is rapidly depreciating against other leading fiat currencies. In fact, as per Financial Times, July is the dollar’s worst month in a decade. Because of the COVID-19 lockdown, the personal savings rate in the U.S. is at a historic high. The yield offered by the financial institutions on savings accounts, however, is close to zero. At the same time, assets as Bitcoin, equities, and gold, all have made double-digit gains since March. This is making them an attractive option for investors.
Bloomberg article post that the dollar is rapidly depreciating against other leading fiat currencies. In fact, as per Financial Times, July is the dollar’s worst month in a decade. Because of the COVID-19 lockdown, the personal savings rate in the U.S. is at a historic high. The yield offered by the financial institutions on savings accounts, however, is close to zero. At the same time, assets as Bitcoin, equities, and gold, all have made double-digit gains since March. This is making them an attractive option for investors.
It is becoming clearer now as more people adopt cryptocurrency
It is becoming clearer now as more people adopt cryptocurrency
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