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The fall of the US dollar & the rise of Bitcoin coincided at the same time. So, let us find out the various factors in the background that have led to the consistent descending adjustment of interest rates on US Treasury bonds and substantive easing policies. These policies were instrumental in the selling of large amounts of US dollars, resulting in the fall of the dollar index. Going by the brand new data, the US dollar index has taken a beating and it is now languishing below 93. This fall is not only the steepest of this year, but also happens to be a two-year low. As for the US dollar offshoots market, short positions have also hit a new peak since April 2018. In fact, Global Hedge funds are expecting further erosion of the value of the US dollar: The betting pegs USD downfall to approximately $5.3bn this week to reach $24.5bn. Purely from the perspective of association, the connection amid Bitcoin & US dollar & gold & US dollar decreased, at the same time the interconnection between Bitcoin & gold strengthened. This has made gold & Bitcoin to realize their potential in the light of a tumbling US dollar index.

Demand for yellow metal surges

The economic prospect of gold can easily be explained by the downfall of the US currency, which has created a global demand for safe-haven assets like yellow metals. However, Bitcoin has some distance to cover to emerge as a safe-haven asset, the fact can’t be denied that it has the potential to be an alternative investment to gold. Also, as gold continues to dominate the mind of people, the greenback will increasingly flow to Bitcoin and other crypto currency avenues.

USD turns to USDT

Meanwhile, the demand for gold has come down, implying that more US currencies have made their way into the digital currency arena for stamping than before. Later on, these US dollars were turned into USDT, some of them made it to the exchanges. The USDT’s inpouring into exchanges improved by 282,539,130 USDT to 725,857.429 USDT on July 27, an important single day surge in 143 days. Despite a huge sum of USDT going into exchanges, data from Glass node indicates that the USDT amount is diminishing since April. During the same time, the Bitcoin equilibrium of exchanges has risen. Based on this, we can infer that the USDT going into exchanges were utilized to purchase Bitcoin.

Rise of Bitcoin

Observing these numbers, it clearly points that Bitcoin’s ascendancy this time has been drastically affected by the US dollar. It can be abridged as trails: There has been a steep fall of the US dollar index. The uncertainty scaled new heights , the value of gold multiplied. With gold value going through the roof high, investors begin to search for an alternative instrument of investment. A lot of USD turned into USDT, a large number of USDT flew into interactions. This led to the selling of USDT and purchase of Bitcoin. Balance of Bitcoin in exchanges rises. In case the dollar continues to fall, there is a huge chance of Bitcoin to rise. So, Bitcoin is a good investment option. If you wish to put your money in Bitcoin, then it is advisable to do so on a secure platform.

If you are looking for Blockchain developer to build your next bitcoin or else platform , feel free to to contact us .

With step in of Blockchain technology , it has transformed the way of doing business across all industries , and real state industry is one of those benefited industry who is using such innovative technology . Right from the beginning real state industry is booming industry . According to recent data almost 210,000 first are involved in residential brokerage and is generating the total revenue of $ 250 Billion .

Blockchain technology aids real state industry with speedy transaction in more transparent manner thereby increasing transparency and reducing the paper works . Earlier Real state industry were just referred as large corporate industries which is usually a combination of corporate houses and influential property owners .

A recent vital changes in the real state companies has been seen . Companies like RealtyShares have started accepting bitcoin as payment , facilitating speedy transaction and thereby reducing transaction charges . The very first step by this company have gained a eye catchy look for other real state companies and as per the prediction they will soon join this list also .

What to know what is Blockchain ? Read our article here .

In brief we can say Blockchain is peer to peer ledger system based in encrypted technology wherein transaction is carried out in chain or blocks without any interference of third party during the transaction , thereby always remain free from all sorts of controls and regulations .

Blockchain Eliminates Interference Of MiddleMen

Right from the beginning middlemen or intermediator always played a important role while finalising any deal in between buyer and real estate company . Usually in past there is no other alternative than contacting a broker in case you want to buy it invest in property .

However with the step in of blockchain technology , no middlemen is usually required – this necessarily means you actually don;t have to have any commission to brokers or so . This is because you will be dealing in Bitcoin or Ethereum for either buying or selling in the property .

Reduces Cost And Highly Secured

Yes you heard it right . Blockchain can actually saves your’s lots of bucks as it eliminates brokerage and commission . Secondly transaction in cryptocurrency is highly secured due to its chain to chain end technology and thus increases the trust factor while translating .

Reducing Forgery Cases In Real Estate Industry

When it comes to real state , forgery case if must – this is the common thing which we may have come across when debating about the real state industry . There are number of incidents in which people practise unethical practises to illegally grab the property by creating some fake document claim a false person the owner of the property , but in actual he is not .

But with the adoption of the Blockchain technology , all the buyers , sellers and property owners will have a full proof evidence of the transaction conducted and that to digitally without any hassle of paper documents .

Maintaining Transparency Through Smart Contracts

Only a bunch of people buy property without availing a loan or mortgage facility . All others necessarily avail loan facility for purchasing any kind of property . And those who have been faced this process knows that how cumbersome and hectic is the process of availing loan , and it also take a Long time just to sanction the loan .

Blockchain offers smart contracts that facilitates easing the whole process . But developing the smart contract is not a child’s job that any one of the developer can do . You will be needing a blockchain developer to perform this job effectively .

The smart contract develop digital ID for concerned property either as a buyer or seller which will be permanently stored in blockchain and can not be changed , deleted or tampered . It also helps in monitoring of the transnational process , thereby making the transfer of ownership process much simpler .

Ensure Reliable Voting

Blockchain technology also helps conducting of voting in apartments , building or complex in efficient and reliable manner . Voting make be required in case of any important decision making or in respect of getting response for the predefined infrastructure and more\\

Summing Up

The blockchain has not only influenced real state industry , but has also fueling up other industries also like financial industry and more . Due to blockchain buyers and sellers life had become much easier than traditional methods of property investment .

The real state industry are slowly exploring more opportunities that Blockchain is offering and is thus thereby moving towards digital cryptocurrency transaction .

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How did Bitcoin surge in the backdrop of the fall of USD?

How Is Blockchain Helping Real Estate Industry