'Dollar Milkshake Theory' Is Still In Play And Could Benefit Bitcoin, Says Santiago Capital CEO
Portfolio Pulse from Khyathi Dalal
Brent Johnson, CEO of Santiago Capital, reiterates his 'Dollar Milkshake Theory,' predicting a significant strengthening of the U.S. dollar, which could cause global economic turmoil and impact all asset classes, including cryptocurrencies like Bitcoin. Johnson suggests that understanding the dollar's movements is crucial for both traditional and crypto investment strategies.
August 14, 2024 | 5:42 pm
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Brent Johnson's 'Dollar Milkshake Theory' suggests a stronger U.S. dollar, which could trigger a global liquidity crisis and impact Bitcoin negatively. This challenges the common belief that a weakening dollar will drive Bitcoin adoption.
Johnson's theory suggests that a stronger dollar could lead to a global liquidity crisis, affecting all asset classes, including Bitcoin. This is contrary to the common belief that a weakening dollar will drive Bitcoin adoption.
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IMPORTANCE 70
RELEVANCE 80