Bitcoin should benefit from the U.S. dollar’s weakness, according to Stephen Roach, former chairman of Morgan Stanley’s Asia division. The Yale faculty noted that the greenback could fall by as much as 35 percent against the basket of foreign currencies. He cited reduced domestic savings rates, as well as the U.S. economy’s current account deficit, as the principal factors behind the dollar’s potential decline. Cryptocurrencies like Bitcoin should benefit from the U.S. dollar’s decline, says […]
