That graph on the dollar is shocking. But do you know what the really amazing thing is? The rest of the world's currencies are doing even worse than the dollar.
At least the dollar started to strengthen in 2016, as a result of interest rates normalising. Everyone else's currency weakened further as a result of zero interest rates and QE. The ECB's base rates are 0.0% and the rate they charge banks for depositing excess reserves at the ECB is -0.4%. And yet banks still deposit excess reserves with the ECB despite losing money. The mind boggles as to what they're thinking.
The USD is actually doing really well considering the economic conditions that are being experienced almost everywhere. The US, despite all the whining that occurs with Trump, has a booming economy in a time where every other country is in the middle of a slump. It's basically a recession for the rest of the world minus the United States, which is probably why it hasn't been called a recession on most of the main media channels yet. I'm not entirely sure how the US is pulling off their economic miracle either since there are multiple trade wars that they're embroiled in. Maybe that's how they do it and it's getting everyone to invest their money into the US' economy. I know that Canada is in a massive slump that feels different from every other since it's been down for years with only slight instances of reprieve. This doesn't feel normal, and I have a feeling it's due to a neutering government which is chopping our economy off at the knees and making it run a 100m sprint.
Regardless, the prehistory for Bitcoin is actually pretty neat. The number of advances and considerations for technology leading up to cryptos truly is mind-boggling.
