Instability of the dollar means that people would need somewhere else to invest their money, something else to use for trade. This could potentially be good news for #Bitcoin. Especially since Saudi revealed its intention to accept digital currencies as payment for oil sales.
Saudi Arabia decided not to extend the deal with the US. What does that mean?
This is bad news for the US dollar. The Petrodollar agreement has kept the dollar in the dominant position and with the termination of this deal the US dollar system would lose a great amount of power
The end of the Petrodollar agreement would not only weaken the dollar's global dominance but also increase inflationary pressures, reduce foreign investments in US assets, and diminish US economic influence worldwide.
โIt seems that we are always living in fear. If we want to be optimistic about the future, we have to convey that tech will improve and protect our lives.โ - Franรงois Hollande, Former President, France.
#money2020@money2020