I find it interesting that the US dollar has been going down, and commodities and gold have been rising. But over this same time frame the cryptocurrency markets have contracted quite a bit. So over the long term, do you see cryptocurrencies rising with gold and other commodities, or do you see it as something that competes directly with gold and oil. Conventional wisdom would tell you that it would rise and fall with other commodities, but this hasn't been the case so far. Or is it too early to see any valuable correlations?
I only have speculation regarding this one and that’s, when the whole commodities thing goes up then the fiat should go down because we are virtually putting all the money into these different assets and thus putting load on the printing of new money. When these assets are sold and we ended up printing too much money then we get huge supply of fiat but no one to use it. So that’s basically devaluation of the fiat. The same thing might be happening at this period, however I don’t see why crypto currencies are supposed to behave depending on the fiat itself.
