A former U.S. Treasury official has warned of “catastrophic” consequences if the U.S. dollar loses its status as the world’s reserve currency. #petrodollar
https://news.bitcoin.com/former-treasury-official-warns-of-complete-economic-implosion-if-us-dollar-loses-global-reserve/

The Future of The Petrodollar

The #petrodollar amid news surrounding the transition away from a US dollar-based global oil trade - https://www.youtube.com/watch?v=bJN6fvacarg

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#BTC #crypto

What's next ?

Well, US will print tons of USD which results in higher inflation rate. However, devaluation of $USD can boosts crypto adoption more.

Technically , Bullish for $BTC Bitcoin , Gold and for Real Estate .

#BTC #petrodollar #PetroDollarDestroyed

Saudi Arabia just ended the petrodollar agreement: What's next for the dollar, Bitcoin, and gold?

If big oil producers like Saudi Arabia start using other currencies for oil sales, the US dollar might lose its top spot as the global reserve currency, which could make the dollar less valuable.

Some think Bitcoin could come out on top if the petrodollar system weakens. But Bitcoin’s price is too unpredictable for big oil transactions right now.

When the economy is uncertain, gold is a popular choice for investors. If the petrodollar system gets shaken up, demand for gold could rise, pushing its price up.

$BTC #Gold #petrodollar #Dollar

What kind of impact on crypto currencies are you guys expecting by Saudi Arabia's decision on ditching USD for oil trade? 🤔
Any experts here?
Should we invest in crypto now? Or wait for the impact to come?
What would be a profitable policy?
#petrodollar #CryptoDecision