Despite concerns about the growth of new coronary pneumonia cases, the Fed’s unprecedented stimulus measures and the expectation that the US government may issue more fiscal stimulus policies may suppress the safe-haven dollar in the short term. Compared with the initial stage of recovery, the risk of declining US economic data is increasing; compared with Europe, the risk of US case growth is also higher. But many of these risks have been recognized by the market, and expectations of US monetary and fiscal policies can push the stock market upward, meaning that the US dollar will temporarily perform poorly, and risky assets such as Bitcoin will benefit from it.