The US dollar seems strong but thats because everything else is just relatively beyond weak. When bitcoin provides a dual economy in the US it will make the US dollar look like the venezuelan bolivar by comparison.
the Algorand team raised $62 million from what it described as a “broad global investment group representing the venture capital, cryptocurrency and financial services communities.”
All the articles about how no one would buy Bitcoin during a recession may have been true had we not just experienced an almost 90% pop in BTC price. This is setting up to be the perfect catalyst.
Historically in most markets, 80 - 90% loss is the bottom before a new bull market, but only if there is economic or developmental activity underneath.