What Happens If The U.S. Dollar Loses Reserve Currency Status?
The CEO of Relai brings up some important considerations for the possibility that the U.S. dollar fails to maintain its status of world reserve currency.
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The CEO of Relai brings up some important considerations for the possibility that the U.S. dollar fails to maintain its status of world reserve currency.
The expansionary behavior of the United States hasn’t stopped with other countries adopting bitcoin. The U.S. will do whatever it takes to protect the dollar.
The world stands on the precipice of a monetary restructuring, with bitcoin seemingly the most likely to be adopted — albeit slowly.
A changing of the guard is standard for fiat currencies — but bitcoin is set to supplant them all.
Executives said Bitcoin and cryptocurrencies are fundamentally different from the traditional system and need new rules.
Bitcoin could rise to that spot as people keep losing faith and confidence in governments and their policies, Paul said.
Economist Peter Schiff has urged people to get rid of their U.S. dollars now as a growing number of countries have escalated their efforts to reduce their dependence on the U.S. and the USD. “The dollar’s reserve currency status is in jeopardy, as is the American standard of living that depends on it. The best [...]
The post Economist Peter Schiff Advises ‘Get Rid of Your US Dollars Now’ — Warns USD’s Reserve Currency Status in Jeopardy appeared first on Crypto Breaking News.
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