URGENT NEWS
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Bitcoin will skyrocket....
as the petrodollar agreement between the United States and Saudi Arabia ends, leading to the adoption of cryptocurrencies. Saudi Arabia's decision not to renew its long-standing petrodollar agreement with the United States represents a fundamental shift in global financial balances. For more than 50 years, the petrodollar system has supported international trade, selling oil only in US dollars. Saudi Arabia's decision to diversify payment methods, including cryptocurrencies and other global currencies such as the euro, yen and yuan, marks a critical moment for global finance. This policy change is not just a political maneuver, but a strategic economic decision in line with Saudi Arabia's vision of reducing economic dependence on the US dollar. Being part of Project mBridge, a China-led cross-border central bank digital currency (#CBDC) trial, underlines the country's commitment to exploring digital currencies for international trade. This move could accelerate the “de-dollarization” trend that is already gaining momentum globally and significantly impact the dominance of the US dollar. As Saudi Arabia opens up to alternative payment methods, Bitcoin and other cryptocurrencies are set to benefit. Bitcoin's decentralized structure and limited supply make it an attractive asset in times of rising inflation and currency depreciation. Crypto analysts emphasize that the termination of the petrodollar agreement could lead to an increase in dollar printing, which could trigger inflation and make Bitcoin a more attractive investment.
