• Coins MarketCap
    • Coins MarketCap
    • Crypto Calculator
    • Top Gainers and Loser of the day
  • Crypto Exchanges
  • Bitcoin News
  • Crypto News
    • Cryptocurrency
    • Blockchain
    • Finance
    • Investing
    • View all latest Updates regarding crypto
Saturday, April 1, 2023
WIREOPEDIA
No Result
View All Result
Contribute!
CONTACT US
  • Home
  • Breaking News
  • World
  • UK
  • US
  • Entertainment
  • Business
  • Technology
  • Defense
  • Health Care
  • Politics
  • Strange
  • Crypto News
WIREOPEDIA
  • Home
  • Breaking News
  • World
  • UK
  • US
  • Entertainment
  • Business
  • Technology
  • Defense
  • Health Care
  • Politics
  • Strange
  • Crypto News
No Result
View All Result
WIREOPEDIA
No Result
View All Result
Home Blockchain

Countries Are Leaving The USD Standard, They Need A Bitcoin Strategy

wireopedia memeber by wireopedia memeber
December 9, 2021
in Blockchain, Crypto, Crypto Market, Cryptocurrency, Finance, Investing, Market
0
Countries Are Leaving The USD Standard, They Need A Bitcoin Strategy
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

As dedollarization accelerates around the world, countries like Russia and India better have a bitcoin accumulation strategy.

You might also like

Uniswap v3 code free to fork as BSL expires

FTX EU Launches New Website for Withdrawals as Subsidiary Starts Returning Funds to Customers

Justin Sun calls media reports about Huobi stake sale ‘April fools prank’

The below is a direct excerpt of Marty’s Bent Issue #1126: “Dedollarization accelerates.” Sign up for the newsletter here.

via Al Mayadeen

Above is an excerpt from an article published in Al Mayadeen yesterday morning that highlights another domino falling in a trend we’ve been following for years in this rag; countries deciding to conduct foreign trade in their native currencies instead of using the dollar. In the past, most of the focus has been on energy trade between countries. The petrodollar system makes it so individual countries have to settle their oil trades in USD terms as it is has become the dominant unit of account for international trade. As time goes on and other countries become increasingly displeased with the US government’s attempts to police the world and worried about the pace at which dollars are being created, they have begun to begin working to conduct trade without involving the US Dollar in an attempt to separate them selves politically and from currency risk.

Russia and India deciding to conduct arms trade using rubles and rupees as their settlement currencies is yet another step away from dollar hegemony on the international stage. This may not be a big deal in terms of the size of economic activity that is being settled outside of the USD reserve system. However, it is a very strong signal to the rest of the world that the dollar isn’t as sticky as it has been for the last five decades. Many countries are tired of catering to a bloated and irresponsible US federal government that seems to be banking on prestige of another era that has not necessarily been earned over the last couple of decades to claim dollar dominance over the rest of the global market. We shouldn’t be surprised that countries are beginning to turn away from the dollar.

With that being said, Russia and India better have a bitcoin accumulation strategy and an intent to adopt a Bitcoin Standard over time because even if they settle their trades outside the confines of the dollar system their currencies are still competing with bitcoin, the best money humans have ever come into contact with.

The seas of the currency markets are getting frothy. Power players are taking positions and more people will begin to notice this sooner or later. Make sure you get on the ship that has the highest probability of navigating increasingly volatile seas.

Read Entire Article
Tags: BitcoinmagazineBlockchainCoin SurgesCryptocurrenciesMarket StoriesTrading
Share30Tweet19
wireopedia memeber

wireopedia memeber

Recommended For You

Uniswap v3 code free to fork as BSL expires

by wireopedia memeber
April 1, 2023
0
Uniswap v3 code free to fork as BSL expires

The license expiration marks a significant event within the DeFi ecosystem, as it enables developers to deploy their

Read more

FTX EU Launches New Website for Withdrawals as Subsidiary Starts Returning Funds to Customers

by wireopedia memeber
April 1, 2023
0
FTX EU Launches New Website for Withdrawals as Subsidiary Starts Returning Funds to Customers

FTX’s European subsidiary, FTX Europe, has launched a new website, ftxeuropeeu, for users to withdraw funds from the now-defunct cryptocurrency platform Withdrawal requests must be submitted

Read more

Justin Sun calls media reports about Huobi stake sale ‘April fools prank’

by wireopedia memeber
April 1, 2023
0
Justin Sun calls media reports about Huobi stake sale ‘April fools prank’

Justin Sun denied reported rumors about him being in talks to sell a stake in crypto exchange Huobi Global — calling them an April Fool’s joke The post...

Read more

Attorney claims Ripple vs SEC case verdict may take 2 more months

by wireopedia memeber
April 1, 2023
0
Attorney claims Ripple vs SEC case verdict may take 2 more months

Crypto enthusiasts, developers, and crypto firms eagerly await the Ripple vs The post Attorney claims Ripple vs SEC case verdict may take 2 more months appeared first on

Read more

The Rapid Rise of IXFI Exchange – Now the World’s Biggest Buy Crypto Platform

by wireopedia memeber
April 1, 2023
0
The Rapid Rise of IXFI Exchange – Now the World’s Biggest Buy Crypto Platform

PRESS RELEASE Zurich, Switzerland, April 1st, 2023 – Since its launch at the end of 2021 by founders Cristian Andrei, Shailesh Rajput, and Alexandru Badoi, IXFI has attracted...

Read more
Next Post
These 33 Celebrities Were Absolutely Iconic In The Early 2000s — Let’s See How Many You Can Identify

These 33 Celebrities Were Absolutely Iconic In The Early 2000s — Let's See How Many You Can Identify

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

Two men arrested in Birmingham and Manchester over Texas synagogue siege

Two men arrested in Birmingham and Manchester over Texas synagogue siege

January 20, 2022

Why Opera Integrated This Ethereum L2 Scalability Solution

February 23, 2022
SEC urges crypto companies to disclose exposure to recent market collapse

SEC urges crypto companies to disclose exposure to recent market collapse

December 9, 2022

Browse by Category

  • Blockchain
  • Breaking News
  • Business
  • Crypto
  • Crypto Market
  • Cryptocurrency
  • Defense
  • Entertainment
  • Finance
  • Health Care
  • Investing
  • Market
  • Politics
  • Strange
  • Technology
  • UK News
  • US News
  • World
WIREOPEDIA

Wireopedia is an automated news feed. The Wireopedia AI pulls from sources with different views so you can see the various sides of different arguments and make a decision for yourself. Wireopedia will be firmly committed to the public interest and democratic values.

Privacy Policy     Terms and Conditions

CATEGORIES

  • Blockchain
  • Breaking News
  • Business
  • Crypto
  • Crypto Market
  • Cryptocurrency
  • Defense
  • Entertainment
  • Finance
  • Health Care
  • Investing
  • Market
  • Politics
  • Strange
  • Technology
  • UK News
  • US News
  • World

BROWSE BY TAG

Bitcoin Bitcoinist Bitcoinmagazine Blockchain Blockonomi Breaking News Business BuzzFeed Celebrity News Coin Surges Cointelegraph Cryptocurrencies Cryptoslate Defense Entertainment Health Care insidebitcoins Market Stories newsbtc Politico Skynews Strange Technology Trading UK US World

RECENT POSTS

  • Daniel Radcliffe Explained His “Weird Little Problem With The Word Ally” While Moderating A Panel With Trans Youth
  • Kate Hudson Got Real About How The Media Was “So Mean To Women” In The 2000s
  • Uniswap v3 code free to fork as BSL expires
  • 18 Famous People Who’ve Opened Up About Reversing Their Plastic Surgery And Cosmetic Procedures
  • ‘Our school is gone’: US death toll rising after tornadoes destroy ‘thousands’ of homes

© 2022 WIREOPEDIA - All right reserved.

No Result
View All Result
  • Home
  • Breaking News
  • World
  • UK
  • US
  • Entertainment
  • Business
  • Technology
  • Defense
  • Health Care
  • Politics
  • Strange
  • Crypto News
  • Contribute!

© 2022 WIREOPEDIA - All right reserved.

  • bitcoinBitcoin(BTC)$28,533.000.25%
  • ethereumEthereum(ETH)$1,820.69-0.23%
  • tetherTether(USDT)$1.00-0.03%
  • binancecoinBNB(BNB)$315.24-0.30%
  • usd-coinUSD Coin(USDC)$1.000.06%
  • rippleXRP(XRP)$0.51-5.71%
  • cardanoCardano(ADA)$0.395329-2.12%
  • dogecoinDogecoin(DOGE)$0.0826977.59%
  • staked-etherLido Staked Ether(STETH)$1,818.03-0.30%
  • matic-networkPolygon(MATIC)$1.11-0.33%
  • solanaSolana(SOL)$21.120.93%
  • polkadotPolkadot(DOT)$6.32-0.10%
  • binance-usdBinance USD(BUSD)$1.000.04%
  • litecoinLitecoin(LTC)$92.583.18%
  • shiba-inuShiba Inu(SHIB)$0.0000115.21%
  • tronTRON(TRX)$0.0665400.96%
  • avalanche-2Avalanche(AVAX)$17.780.77%
  • daiDai(DAI)$1.00-0.06%
  • uniswapUniswap(UNI)$6.090.44%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$28,538.000.33%
  • chainlinkChainlink(LINK)$7.54-1.54%
  • cosmosCosmos Hub(ATOM)$11.443.10%
  • stellarStellar(XLM)$0.109462-1.29%
  • okbOKB(OKB)$41.62-0.55%
  • bitcoin-cashBitcoin Cash(BCH)$125.531.38%
  • filecoinFilecoin(FIL)$5.792.02%
  • crypto-com-chainCronos(CRO)$0.0689840.20%
  • nearNEAR Protocol(NEAR)$1.99-0.75%
  • vechainVeChain(VET)$0.0234750.34%
  • algorandAlgorand(ALGO)$0.222870-1.17%
  • elrond-erd-2MultiversX(EGLD)$42.47-0.29%
  • axie-infinityAxie Infinity(AXS)$8.501.89%
  • terra-lunaTerra Luna Classic(LUNC)$0.0001271.90%
  • compound-ethercETH(CETH)$36.56-0.40%
  • ftx-tokenFTX(FTT)$1.91-20.60%
  • terrausdTerraClassicUSD(USTC)$0.0217001.11%