🚀 Bitcoin To Benefit From The End Of US-Saudi Petrodollar Deal
😳 In the latest development, Saudi Arabia has decided not to renew its petrodollar deal with the US. This move will allow Saudi to sell oil and other goods in various currencies which will include the Chinese RMB, Euros, Yen, and Yuan, rather than solely in US dollars.
🤔 Its longstanding security agreement with the US expired on June 9, 2024. This move will largely benefit #Bitcoin , as the US inflation rates could rise unprecedentedly eroding the value of fiat currencies like the US dollar, which will prompt investors to explore alternative assets.
