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RE: Is Bitcoin just driven by FOMO?

in #crypto7 years ago

Thanks. I think the US Dollar's fall is not anything to be alarmed about. Part of the decline could be attributable to the attractiveness of non-US equity markets, like Europe, Japan, China, Brazil, Russia, India, and others. The fact is that US equity markets has had such an amazing run up, that US equities are no longer as attractive as international markets. The current discount we're seeing between US and International markets are about 20%-50% (International markets are 20% cheaper than the US). For example, emerging markets equity mutual fund often will by the stocks in local currency. Which means that they are often selling USD and buying emerging market currencies. So the funds are unhedged.

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Thank you for your answer. Very informative

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