The dollar continues to plummet as the U.S. struggles to reopen due to the pandemic (and the fact that the U.S. has the biggest number of COVID-19 confirmed cases, which gives its economy a very little wiggle room). This situation is expected to worsen--even down to 2008 level--as euro outperforms it thanks to the European Union’s 750 billion euro recovery fund/stimulus package.

Being the world’s reserve currency, however, the dollar is expected to maintain its strength and recover from the downturn as soon as things get back to normal. But how does this dollar downtrend affect bitcoin (apart from an increase in value)? We all know that dollar downtrend normally coincides with bitcoin uptrend, although some say bitcoin's value didn't really increase and instead it's dollar's value that deceased.

More and more people are starting to perceive bitcoin as a store of value (an asset that maintains its value without depreciating), and now that it's rising while other currencies and asset forms are falling, perhaps the most important impact this global crisis is bound to make is help strengthen the image of BTC for the long term. It offers gravity assist that slingshots bitcoin toward the ultimate goal of decentralizing the financial system. But I wonder how bitcoin will perform when the pandemic is over.