Bitcoin Isn’t Going Up — The Dollar Is Going Down
As social media cheers the new ATH and the bull run gets triumphantly broadcast across the internet, it’s worth taking a pause and zooming out. A quick flip of the chart tells a different story, one familiar for anyone outside the U.S. — in Euros, Bitcoin hasn’t reached new all-time highs.
Were not talking about bitcoin. Were talking about the USD.
Bitcoin / US dollar
Previous all time high – Mid-Late Jan 2025
Retracement
New all time high – May 2025
Price hovering near new ATH.
Bitcoin / Euro
Previous all time high – Mid-Late Jan 2025
Retracement
Price hovering 10-15% under ATH
No higher price moves
So what’s driving this shift? It’s not just crypto enthusiasm — Retail sentiment got gutted in 2022 and hasn’t been around since.
What’s unfolding is a quiet flight to flight to monetary safety
The U.S. is sitting on over $36 trillion in debt, and interest payments alone are blowing past $1 trillion a year. That’s not sustainable. It’s triggering treasury buybacks, balance sheet gimmicks, and backdoor efforts to prop up demand for government bonds.
The terms are vague and the mechanisms, opaque. But its not hidden knowledge. Smart money sees the writing on the wall. Investors, corporations, and even governments are starting to ask:
“If the dollar is losing strength… where does value go?”
The answer? Assets that can’t be debased. That’s why capital is quietly shifting into things like Bitcoin, gold, real estate, and short-term Treasuries — places that offer safety, not just yield.
"...Smart money isn’t thinking in dollars anymore.”
Think LIke "Smart Money"
If you’re sitting on $5 billion in net worth, you’re not going to hold cash and watch it rot under inflation. You need assets — things that store value or, ideally, grow faster than the cost of capital. That used to mean real estate or government bonds. But real estate is frozen — there’s no liquidity, and few can afford to sell without taking a hit. So what else is left? Bonds? Maybe — but whose bonds? You’re not parking capital in debt backed by a currency that’s losing purchasing power and hemorrhaging credibility. That’s the quiet crisis unfolding: the traditional “safe havens” are no longer safe. And smart capital is already adjusting.
“Narratives can lie. Numbers don’t.”
What Is the DXY?
- The DXY measures the strength of the U.S. dollar against a basket of foreign currencies.
- Its biggest weights are the euro (≈58%), yen, and pound sterling.
- When the DXY goes up, the dollar is gaining strength globally.
- When the DXY goes down, the dollar is losing purchasing power relative to other currencies.
- A falling DXY often signals global confidence is shifting away from the dollar.
What Is TLT?
- TLT is an ETF that tracks long-term U.S. Treasury bonds (20+ year maturity).
- It moves inversely to interest rates — when rates rise, TLT usually falls.
- Falling TLT = investors dumping long-term bonds (lack of confidence or better alternatives).
- It’s a proxy for how the market feels about long-term U.S. debt stability.
- A plunging TLT is often a warning signal about trust in the U.S. government’s ability to repay.
The Signal In The Noise
This isn’t just about Bitcoin price action and Moon-boy nonsense. It’s about the global shift away from the U.S. dollar and long-term debt.
Smart money — hedge funds, corporate treasuries, high-net-worth families — they’re not chasing trends. They’re escaping debasement.
The falling dollar, the bond market stress, the search for harder assets… it’s all one story.
And Bitcoin isn’t hype its just another signal.
<blockquote>
“Bitcoin isn’t going up — the dollar is going down.”
</blockquote>
TL;DR:</strong> Bitcoin’s supply is fixed. Fiat is inflating. When you zoom out, Bitcoin is the constant — the dollar is the one moving.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
🔗 Related Profiles:
– [Stephen Miran](https://thecornreport.com/bios/stephen-miran/) — Treasury strategist behind dollar devaluation
– [Scott Bessent](https://thecornreport.com/bios/scott-bessent/) — Soros veteran and Trump’s crypto policy brain
– [Howard Lutnick](https://thecornreport.com/bios/howard-lutnick/) — Cantor CEO managing Tether’s U.S. bond pipeline