In 2022, the US dollar has been strengthening. What will happen to the dollar, gold, and cryptocurrencies next?
Since 20 years ago, the US dollar has never been stronger.
The reason for such is the Federal Reserve. The dollar becomes more tempting to investors worldwide when the Central Bank increases interest rates.However, the world economy is precariously balanced. And as worries about a global recession grow, dollars are viewed as a secure investment.
How have increasing rates and a strong currency harmed gold's performance, we wonder on Counting the Cost. Can cryptocurrency still be seen as an inflation hedge? And can it regain investors' trust following the FTX collapse?
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