The U.S. Dollar Index (DXY) has dropped over 10% since the beginning of the year, indicating a weaker dollar compared to previous years.
Bitcoin has remained relatively stable during this period, prompting discussions about its potential as a store of value amidst weakening fiat currencies.
The decline in the dollar's strength has led to increased interest in decentralized alternatives like Bitcoin, with the digital asset being seen as a potential hedge against economic uncertainties.
Analysts suggest that further dollar erosion could provide a new catalyst for Bitcoin, particularly among institutional investors seeking alternatives outside traditional finance.