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Dollar and bitcoin both rising as a sign of a new monetary order

Build Asset Management CIO Matt Dines argues capital is moving away from an offshore dollar system toward a more US-led Western Hemisphere financial framework.

Reported · Written up by our desk · Market Structure

Bitcoin Magazine features Matt Dines, CIO at Build Asset Management, saying it is a bullish sign that both the US dollar and bitcoin are rising at the same time.

Dines frames the move as part of a shift toward a new US-led monetary order, with capital leaving the post-World War II offshore dollar system.

He argues Bitcoin has a role in that emerging system and discusses what the DXY, the US dollar index, is signaling to investors.

The outlet notes the views are those of the participants and that the content is for informational and educational purposes only, not investment guidance.

Latest closeBitcoin $83,130.53 ▲1.7%|Dollar index 102.12 ▼0.1%

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