Dollar Weakness Could Unlock Most Favourable Crypto Era

Strive CEO Matt Cole believes that investors are not bullish enough on Bitcoin as the US dollar may remain weak for an extended period. According to Cole, the US Dollar Index (DXY) could remain in a downtrend for the next three to seven years.

If this scenario plays out, the next five to seven years could become the most favorable macroeconomic environment in Bitcoin's history, Cole said.

Cole added that investors are not sufficiently optimistic about Bitcoin and that a prolonged period of dollar weakness could help drive gains in the cryptocurrency. He noted that the current lack of bullish sentiment among investors is an opportunity for those who believe in Bitcoin's potential.