Oddbean new post about | logout
 The Impact of the Petrodollar Lapse on Bitcoin and Gold as USD Alternatives Emerge
===============	
#7a21bb5d ver:0.77

The expiration of the petrodollar agreement between Saudi Arabia and the US could weaken the dominance of the US dollar and open up opportunities for alternative currencies like Bitcoin and gold. The shift away from the dollar is driven by factors such as the weakening US economy, the use of financial sanctions, and the rise of countries in the Global South. While the dollar's position as the world's reserve currency may face challenges, a complete dethroning is unlikely in the immediate future. However, a multipolar financial system with a greater role for other currencies is a possibility. #Petrodollar #Bitcoin #Gold #USDAlternatives #DeDollarization...

#newstr #Petrodollar #UsdAlternatives #Gold #Bitcoin #Brics #Asean 

 https://here.news/story/7a21bb5d?ver=0.77