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I don't think any serious people in the world are considering the idea that the US would balance their reserves against cryptocurrency.
by moolcool 3y ago
I don't think any serious people in the world are considering the idea that the US would balance their reserves against cryptocurrency.
- WinstonSmith84 3y agoSo 1- I was not referring to cryptocurrencies, crypto market is way too small anyway 2- I'm referring to every country except the US, obviously... From Middle East to China or even Japan, every country is reducing their global reserves in dollars, and diversifying in other (national) currencies. Also, many countries are trying to conduct trades in other currencies than the US dollar. Basically, I'm just referring to the decline of the US dollar and that's welcome for everybody except maybe for the US government. https://wolfstreet.com/2023/04/02/status-of-us-dollar-as-global-reserve-currency-v-exchange-rates-slow-long-term-decline-on-track/ https://wolfstreet.com/2023/04/02/status-of-us-dollar-as-glo...