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.This is a transcribed excerpt of the “Bitcoin Magazine Podcast,” hosted by P and Q. In this episode, they are joined by Julian Liniger to talk about fundamentals of Bitcoin and why bitcoin is seeing massive adoption in Europe even during the bear market.Watch This Episode On YouTube Or RumbleListen To The Episode Here:AppleSpotifyGoogleLibsynJulian Liniger: With developments in Russia, China and so forth, there are initiatives trying to....
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Legendary fund manager Stanley Druckenmiller says that he is worried that within 15 years the U.S. dollar will lose its world’s reserve currency status. He said that crypto is a solution to the lack of trust in Fed Chairman Jerome Powell “and the rest of the world’s central bankers.” The billionaire investor further said that it will be very difficult to unseat bitcoin as a store of value. Druckenmiller on USD Losing Reserve Currency Status and Difficulty in Unseating Bitcoin as Store of Value Billionaire investor Stanley Druckenmiller talked about the U.S. economy,....
After a momentous 2020, this will be the year that bitcoin takes major strides toward becoming the world’s reserve currency. The post BIP 2021: Bitcoin’s Path Toward Reserve Currency Status Is Set appeared first on Bitcoin Magazine.
The United States government is likely to back the dollar with bitcoin in order to protect its status as issuer of the global reserve currency.
Westerners are funny people. Westerners have never experienced currency devaluation, EVER! “The Almighty Dollar” has ruled the world their entire lives. Telling a Westerner there might be a problem with the U.S. Dollar is like saying the sun might not show up tomorrow morning. It has never happened; could never happen! Well, it turns out the U.S. Dollar isn’t as “almighty” as it used to be, and some new global currency might be ready to shock the world, literally. And no, I’m not talking about Bitcoin. Before I get into what the exact problem is for Westerners, and really the world as a....