While the US dollar value is indeed going down a bit lately, there is one thing about global economy. At this very era, no matter what the deficit is, the US federal government will continue to borrow money from creditors. Sure at some point there will not be enough cash so the government is forced to print more money (essentially QE again).
The point is certain large institutions will always have someone to backup. This is why I kept arguing the other week about stock vs estate property (but kept getting downvotes brcause apparently people did not like when I suggested to invest in real estates). When bonds and everything else fail, people will find every penny to find a place to live. But that’s my conservative belief.
Citibank will not fail - someone else come will in and swallow it (or government will bail) - the number of global customers just cannot let Citibank fail completely.
Bitcoin on the hand is completely different - there is no one to back it up. It’s either a up or down game. There is no prediction based on revenue or “exciting new breakthrough”. But its weakness is also an advantage the way I see. Bitcoin and likes allow investors to focus on buy and sell without studying hard about the market. It’s a pure gambling - yes I realized there are maths and logics in defeating gambling games casinos....
Honestly - selfishly, I really want to see bitcoin fail to thr bottom so late riders like I get to buy some :(
But I urge folks to be ready for a sell. There is absolutely no way bitcoin will keep rising this way. It will either crash in 2-3 months back to $500-1000 or there will be a ceiling (e.g resetting the base price).