Bitcoin is continuing its bull run, approaching $20,000, even as the US dollar declines. As a Bitcoinist stated, the USD Index reached 90.22 on the 3rd of December. The report added that this is the lowest the US dollar has been since April 2018.
The chief investment officer who also serves as the chief US equity strategist for Morgan Stanley, Mark Wilson, has forecasted additional USD loss. Specifically, Wilson said the USD would decline by 10% over the next year. Speaking to Bloomberg, the Morgan Stanley executive said that the US government and the Federal Reserve have been “most aggressive with structural deficits” as the global health crisis persists.
He said further:
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