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why are the crypto currencies going up against the us dollar since oct 25 2022 ?
what was the trigger that caused an uptick in the cryptocurrencies against the us dollar ?
is there a de-evaluation happening of the us dollar ?
or is it that the world is getting tired of the currency control by central banks and wants to go with de-centralization ?
fiat currency ( i.e paper currency ) can be printed at anytime and in any quantity by the central banks and it results in inflation – increasing prices of everything – taking money out of the common person’s pocket and putting into government’s hands
but with crypto currencies – there is only a limited quantity – you cannot create more tokens – hence the price goes up when the demand goes up
since oct 25 2022 , this is what is happening – they have been talking about crypto-winter – looks like the winter is over and spring is arriving in the cryptocurrency world.