4 ms·
So 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
by WinstonSmith84 3y ago
So 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...