US Treasury Secretary Janet Yellen warned Congress on Monday to expect a gradual decrease in the share of the dollar in global reserves. US debt.
Nine countries led by Iran launch an alternative to the SWIFT network. Simultaneously, BRICS discusses the end of the dollar in Cape Town.
Following in Iran’s footsteps, it will soon be Russia turn to use Bitcoin to bypass sanctions that prevent it from conducting international transactions. Bitcoin, Da? The Russian government has shown a keen interest in Bitcoin since its banks were disconnected from the SWIFT network. Acting stealthily, the Ministries of Finance…
Right now, the dollar is at the center of global economic debates. Some have already announced that the era of American currency hegemony is coming to an end. And in the currently bleak economic context of the country, some are considering how to adapt to this anticipated change. Bitcoin could contribute significantly to this.
Argentina will start paying for its Chinese imports in yuan instead of dollars. This decision aims to relieve the country's dwindling dollar reserves.
Fantom (FTM) is launching its own cryptocurrency bank, according to co-founder Andre Cronje. The aim is to offer financial services tailored to the crypto market. Fantom's bank will enable users to store, exchange, and spend cryptocurrencies, as well as offering other traditional banking benefits.
Currently, Argentina is facing a worrying inflation crisis of over 100%. Argentines are at a loss as to what to do about the ever-increasing poverty in their country. A Reuters report released on April 14 shows that nearly 40 % of them live in poverty. In addition, they have suffered billions of dollars in economic losses due to one of the worst droughts in their history. Faced with this situation, the co-founder of MicroStrategy advises Argentines to turn to crypto.
The theory of the end of the US dollar has been spreading like wildfire in recent weeks. While some contest the idea of the dollar's demise, others believe it to be the end of an economic hegemony that has been long-standing. For some, it's a plot organized by enemies of western civilization.
The global slingshot against the dollar is raising the specter of a world war. To avoid it, Bitcoin has to become the next international reserve currency.