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USDollarWarning
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$ASXIt seems like you're referring to "$ASX," which is the ticker symbol for the Australian Securities Exchange. The ASX is the primary securities exchange in Australia where various financial instruments, including stocks, bonds, and commodities, are traded. Would you like more information on the ASX or its performance? {spot}(BTCUSDT) $BTC #USDollarWarning #SUIInTheSpotlight #CryptoMarketHype $ETH {future}(ETHUSDT) $SOL {future}(SOLUSDT)
$ASXIt seems like you're referring to "$ASX," which is the ticker symbol for the Australian Securities Exchange. The ASX is the primary securities exchange in Australia where various financial instruments, including stocks, bonds, and commodities, are traded. Would you like more information on the ASX or its performance?

$BTC #USDollarWarning #SUIInTheSpotlight #CryptoMarketHype $ETH
$SOL
Bitcoin (BTC) is back at $64,000, but the US Dollar (DXY) continues to rise. Bitcoin (BTC) and the US Dollar (DXY) The current price of Bitcoin is $64,237.48 per BTC. The total market cap of Bitcoin has reached $1,266,809,053,218.61. The amount of Bitcoin traded has fallen by $6,558,893,657.36 in the last 24 hours, which is a 51.93% decrease. Since last month, the exchange rate of Bitcoin has decreased by 8.07%. Since last year, the price of Bitcoin has increased by +114.91%. The US dollar has been increasing since July 2023. The interest rate reached 5% in the shortest amount of time in US economic history. The Federal Reserve has stated that it will maintain the interest rate to combat inflation. Bitcoin is unlikely to break out due to the current environment. The global liquidity cycle is increasing. The effect of a strong dollar on Bitcoin is a decrease in asset prices. Bitcoin has increased thousands of times more than the DXY since 2008. Bitcoin has a supply of 21 million, whereas the US dollar has no backing and is being printed at a rate of $1 trillion every 100 days. The wealth of US citizens is decreasing by 12% per year due to inflation and currency debasement. Follow me for new information like and share #ETHETFsApproved #bitcoin☀️ #MicroStrategy #USDollarWarning $BTC {spot}(BTCUSDT)

Bitcoin (BTC) is back at $64,000, but the US Dollar (DXY) continues to rise.

Bitcoin (BTC) and the US Dollar (DXY)
The current price of Bitcoin is $64,237.48 per BTC.
The total market cap of Bitcoin has reached $1,266,809,053,218.61.
The amount of Bitcoin traded has fallen by $6,558,893,657.36 in the last 24 hours, which is a 51.93% decrease.
Since last month, the exchange rate of Bitcoin has decreased by 8.07%.
Since last year, the price of Bitcoin has increased by +114.91%.

The US dollar has been increasing since July 2023.
The interest rate reached 5% in the shortest amount of time in US economic history.
The Federal Reserve has stated that it will maintain the interest rate to combat inflation.
Bitcoin is unlikely to break out due to the current environment.
The global liquidity cycle is increasing.
The effect of a strong dollar on Bitcoin is a decrease in asset prices.
Bitcoin has increased thousands of times more than the DXY since 2008.
Bitcoin has a supply of 21 million, whereas the US dollar has no backing and is being printed at a rate of $1 trillion every 100 days.
The wealth of US citizens is decreasing by 12% per year due to inflation and currency debasement.

Follow me for new information like and share
#ETHETFsApproved #bitcoin☀️ #MicroStrategy #USDollarWarning $BTC
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Bearish
From a $10 investment to a $6 billion Bitcoin fortune lost in a cyber attack In 2010, Wei Zhang, a Chinese investor, bought thousands of Bitcoins for just $10 when they were worth less than a penny each. As Bitcoin's value soared, his tiny investment grew into a multi-billion-dollar fortune. By 2017, Wei owned 99,000 BTC, making him incredibly wealthy. But in early 2018, disaster struck. Hackers launched a sophisticated phishing attack on CryptoLeap, the crypto margin exchange Wei had founded in 2014. They stole his entire Bitcoin stash, valued at a staggering $6 billion. This catastrophic loss led to the downfall of CryptoLeap and forced Wei to resign. Today, Wei would have been one of the world's few thousand billionaires. Despite losing everything, he turned his focus to cybersecurity, using his experience to mentor others and advocate for stronger protections in the crypto industry. His painful lessons now help safeguard future investors from similar fates. #BNBHODLer #Megadrop #USDollarWarning #BTC☀ #Write2Earn! earn
From a $10 investment to a $6 billion Bitcoin fortune lost in a cyber attack

In 2010, Wei Zhang, a Chinese investor, bought thousands of Bitcoins for just $10 when they were worth less than a penny each. As Bitcoin's value soared, his tiny investment grew into a multi-billion-dollar fortune. By 2017, Wei owned 99,000 BTC, making him incredibly wealthy.

But in early 2018, disaster struck. Hackers launched a sophisticated phishing attack on CryptoLeap, the crypto margin exchange Wei had founded in 2014. They stole his entire Bitcoin stash, valued at a staggering $6 billion. This catastrophic loss led to the downfall of CryptoLeap and forced Wei to resign.

Today, Wei would have been one of the world's few thousand billionaires. Despite losing everything, he turned his focus to cybersecurity, using his experience to mentor others and advocate for stronger protections in the crypto industry. His painful lessons now help safeguard future investors from similar fates.
#BNBHODLer #Megadrop #USDollarWarning #BTC☀ #Write2Earn! earn
Bill seeks to allow Bitcoin payments for federal income tax Rep. Matt Gaetz II (R-FL, 1st District) has introduced legislation enabling Americans to pay their federal income taxes using Bitcoin. The bill aims to amend the Internal Revenue Code of 1986 to allow tax payments to be made with the alpha crypto. Notably, the bill did not specify whether the legislation would extend or would be open to other crypto payment options, and also did not specify if stablecoins would be accepted. The bill is specifically asking for “a method to allow for the payment with bitcoin of any tax imposed on an individual under this title.” The proposed legislation directs the Treasury Secretary to develop and implement a method for accepting Bitcoin payments for individual federal income taxes. It calls for regulations specifying when such payments would be considered received and requiring immediate conversion of Bitcoin amounts to dollars. The bill includes provisions for the Treasury to contract services related to receiving Bitcoin payments. It also addresses liability issues and confidentiality concerns similar to existing tax payment rules. If enacted, the changes would take effect one year after the bill becomes law. #USDollarWarning #USDTfree #BinanceTournament #Megadrop #CryptoTradingGuide
Bill seeks to allow Bitcoin payments for federal income tax
Rep. Matt Gaetz II (R-FL, 1st District) has introduced legislation enabling Americans to pay their federal income taxes using Bitcoin. The bill aims to amend the Internal Revenue Code of 1986 to allow tax payments to be made with the alpha crypto.
Notably, the bill did not specify whether the legislation would extend or would be open to other crypto payment options, and also did not specify if stablecoins would be accepted. The bill is specifically asking for “a method to allow for the payment with bitcoin of any tax imposed on an individual under this title.”
The proposed legislation directs the Treasury Secretary to develop and implement a method for accepting Bitcoin payments for individual federal income taxes. It calls for regulations specifying when such payments would be considered received and requiring immediate conversion of Bitcoin amounts to dollars.
The bill includes provisions for the Treasury to contract services related to receiving Bitcoin payments. It also addresses liability issues and confidentiality concerns similar to existing tax payment rules. If enacted, the changes would take effect one year after the bill becomes law.
#USDollarWarning #USDTfree #BinanceTournament #Megadrop #CryptoTradingGuide
🚨 Forecasting USD Trends / FOMC Waller Speech Let's take a look at what might happen next week using historical data, sources, research, and analysis! I'll mainly focus on the US economy, especially the USD. There are some other major news events coming up, but I'll focus specifically on the USD. There's a speech by FOMC member Waller tomorrow. In his previous speech on July 17, 2024, FOMC member Waller discussed the challenges of 2024 for economic forecasting and monetary policy. He noted that inflation had jumped early in the year, but recent data suggests moderation, with GDP growth slowing and inflation easing. He also mentioned that labor supply and demand are now roughly in balance, and wage growth is slowing. Waller outlined three scenarios for the second half of 2024: - In an optimistic scenario, continuous favorable inflation data could lead to a rate cut soon. - In a more moderate scenario, uneven inflation data would delay any rate cut decision. - In a pessimistic scenario, a resurgence in inflation would delay rate cuts and require tighter policy. Waller emphasized that policy decisions would be data-dependent, with the possibility of a rate cut approaching. Given this context, in his upcoming speech tomorrow, Waller is likely to discuss the recent low CPI figures and the ongoing concerns about a potential recession. I don't anticipate significant market volatility following his speech. #EmperorMajesty #LowestCPI2021 #USDollarWarning $BTC $ETH $BNB #LowestCPI2021 #MarketDownturn {spot}(BNBUSDT) {spot}(ETHUSDT) {spot}(BTCUSDT)
🚨 Forecasting USD Trends / FOMC Waller Speech

Let's take a look at what might happen next week using historical data, sources, research, and analysis!

I'll mainly focus on the US economy, especially the USD. There are some other major news events coming up, but I'll focus specifically on the USD.

There's a speech by FOMC member Waller tomorrow. In his previous speech on July 17, 2024, FOMC member Waller discussed the challenges of 2024 for economic forecasting and monetary policy.

He noted that inflation had jumped early in the year, but recent data suggests moderation, with GDP growth slowing and inflation easing. He also mentioned that labor supply and demand are now roughly in balance, and wage growth is slowing.

Waller outlined three scenarios for the second half of 2024:

- In an optimistic scenario, continuous favorable inflation data could lead to a rate cut soon.
- In a more moderate scenario, uneven inflation data would delay any rate cut decision.
- In a pessimistic scenario, a resurgence in inflation would delay rate cuts and require tighter policy.

Waller emphasized that policy decisions would be data-dependent, with the possibility of a rate cut approaching.

Given this context, in his upcoming speech tomorrow, Waller is likely to discuss the recent low CPI figures and the ongoing concerns about a potential recession. I don't anticipate significant market volatility following his speech.

#EmperorMajesty #LowestCPI2021 #USDollarWarning $BTC $ETH $BNB #LowestCPI2021 #MarketDownturn
LIVE
Emperorㅤ
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🚨⬇️ Crucial Market Week Ahead

The past week was marked by volatility, driven by the impact of CPI and PPI data on Bitcoin, which, due to its dominance, influenced the broader market.

As we move into the upcoming week, we should expect continued volatility, given the significance of the events scheduled. The next week could be pivotal in determining whether we see a rise or fall in the market, with the potential for an upward trend.

On August 21, two key events will likely have an impact: the Crude Oil Inventories report and the FOMC meeting. The FOMC meeting is particularly important, as discussions about potential rate cuts are expected. I've detailed this in my previous post.

Then, on August 22, four major economic indicators will be released: Initial Jobless Claims, S&P Global U.S. Manufacturing PMI (August), S&P Global Services PMI (August), and Existing Home Sales (July).

Finally, on August 23, two important reports will be released: New Home Sales (July) and, more notably, Fed Chair Powell’s speech. In his address, Powell is expected to provide insights into potential rate cuts in September.

This discussion is going to be lengthy, so I'll post it in parts and quote each new section with the previous one.

#EmperorMajesty #LowestCPI2021 #MarketDownturn #BTC☀ #SahmRule $BTC $ETH $BNB


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Bullish
Potential Surge in TLT as 30-Year Bond Hovers Near Historic Lows #USmarket #USDollarWarning #Market_Update #EthereumETFApprovalExpectations #ETHETFsApproved The 30-Year Bond has never dropped below 1% in history, signaling a significant threshold. Analysts predict that if it falls below this mark, TLT could see a substantial rise, potentially exceeding 200. This extra boost stems from the unprecedented nature of bond rates dropping below 1%, indicating a potentially massive rally for long-term treasury ETFs like TLT.
Potential Surge in TLT as 30-Year Bond Hovers Near Historic Lows

#USmarket #USDollarWarning #Market_Update #EthereumETFApprovalExpectations #ETHETFsApproved

The 30-Year Bond has never dropped below 1% in history, signaling a significant threshold. Analysts predict that if it falls below this mark, TLT could see a substantial rise, potentially exceeding 200. This extra boost stems from the unprecedented nature of bond rates dropping below 1%, indicating a potentially massive rally for long-term treasury ETFs like TLT.
USDCAD retested the support level of 1.34860 #usdoller #USDollarWarning #CryptoMarketMoves #Marketsentimentstoday #MarketExperts General outlook USDCAD has been trading in a bullish trend within the last day. Possible scenario : The best way to use this opportunity is to place a Buy order at 1.35040. Set your stop loss at 1.34828 below the previous low ($1.57 loss for 0.01 lot) and take profit at 1.35253 ($1.57 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. The upcoming news will not influence your orders within the mentioned period. Some traders may close their positions on Friday, which can add more pressure to the market.
USDCAD retested the support level of 1.34860

#usdoller #USDollarWarning #CryptoMarketMoves #Marketsentimentstoday #MarketExperts
General outlook

USDCAD has been trading in a bullish trend within the last day.

Possible scenario : The best way to use this opportunity is to place a Buy order at 1.35040.

Set your stop loss at 1.34828 below the previous low ($1.57 loss for 0.01 lot) and take profit at 1.35253 ($1.57 profit for 0.01 lot).

The risk-reward ratio for this order is 1:1.

The upcoming news will not influence your orders within the mentioned period. Some traders may close their positions on Friday, which can add more pressure to the market.
**Tether CEO Paolo Ardoino** recently voiced his concerns about the **European Union's Markets in Crypto-Assets (MiCA)** regulation. According to him, this new regulation poses a **systemic risk** not only to stablecoins but also to the broader banking system. 😮 The specific requirement that **60% of reserves must be held in EU banks** is causing quite a stir. Imagine stablecoins like **USDC** nervously shuffling their digital assets, wondering how to comply! 💸💼 Keep an eye on these regulatory developments—they're like plot twists in the crypto saga! 🌐📉📈 #tether #USDT #TetherUSDT #USDollarWarning
**Tether CEO Paolo Ardoino** recently voiced his concerns about the **European Union's Markets in Crypto-Assets (MiCA)** regulation. According to him, this new regulation poses a **systemic risk** not only to stablecoins but also to the broader banking system. 😮

The specific requirement that **60% of reserves must be held in EU banks** is causing quite a stir. Imagine stablecoins like **USDC** nervously shuffling their digital assets, wondering how to comply! 💸💼

Keep an eye on these regulatory developments—they're like plot twists in the crypto saga! 🌐📉📈

#tether #USDT #TetherUSDT #USDollarWarning
US Mulls Applying Fiat Reporting Mandate on Crypto Transfers 💸In a move that could significantly impact the cryptocurrency landscape, the United States government is considering extending the same reporting requirements that apply to traditional fiat currency transfers to the world of digital assets 🌐. This potential policy shift has sparked a wave of discussions within the crypto community, raising concerns about privacy, regulatory overreach, and the future of decentralized finance. The Proposal: Bringing Crypto Under the Same Rules as Fiat 🔍 The proposal under consideration would require cryptocurrency exchanges and financial institutions to report transactions involving digital assets, such as Bitcoin and Ethereum, in the same way they report large cash transactions in fiat currency. This means that any crypto transfer above a certain threshold—likely $10,000, similar to the current rule for fiat—would need to be reported to the Internal Revenue Service (IRS) 🏦. The aim of this policy is to curb illegal activities like money laundering, tax evasion, and the financing of terrorism, which regulators argue can be facilitated by the relative anonymity of cryptocurrency transactions. By bringing crypto under the same reporting umbrella as fiat, the government hopes to improve transparency and oversight in the rapidly growing digital asset space. The Crypto Community Reacts: Privacy vs. Compliance 🔐 Unsurprisingly, the proposal has sparked concern among crypto enthusiasts and industry leaders who view it as a threat to the very principles that cryptocurrencies were built on—privacy, decentralization, and freedom from government control. Many argue that such a mandate could undermine the pseudonymous nature of cryptocurrencies, forcing exchanges and users to comply with extensive reporting requirements that could deter new participants and stifle innovation in the sector 🚨. On the other hand, some voices within the industry believe that increased regulation is inevitable and could ultimately lend greater legitimacy to cryptocurrencies in the eyes of mainstream financial institutions and investors. By complying with these regulations, they argue, the crypto industry could gain more widespread acceptance and integration into the global financial system. The Broader Impact: What Could Change? 🌍 If the US government moves forward with this mandate, the impact on the cryptocurrency ecosystem could be significant. Exchanges would need to implement new compliance measures, potentially leading to increased operational costs and changes in how they handle customer data. For users, this could mean less privacy and more scrutiny over their transactions, with potential penalties for non-compliance. Moreover, this move could set a precedent for other countries to follow suit, leading to a more globally coordinated approach to crypto regulation. While this might help reduce illegal activities, it could also push some crypto users toward more privacy-focused or decentralized platforms that are harder to regulate. Looking Ahead: A New Era of Regulation? 🚦 As the US continues to explore ways to regulate the booming cryptocurrency market, the potential application of fiat reporting mandates to crypto transfers marks a significant step in that direction. While the intent is to curb illegal activities, the crypto community will be watching closely to see how these measures are implemented and whether they strike the right balance between regulation and the core values of the crypto movement. For now, the debate rages on, with strong arguments on both sides. One thing is clear: as cryptocurrencies continue to grow in popularity and influence, the question of how they are regulated will only become more pressing. Whether this new mandate will help or hinder the growth of the digital asset space remains to be seen. 👇👇👇 $USDC {future}(USDCUSDT) #PowellAtJacksonHole #CryptoMarketMoves #USDollarWarning #MtGoxRepayments #SuperMacho

US Mulls Applying Fiat Reporting Mandate on Crypto Transfers 💸

In a move that could significantly impact the cryptocurrency landscape, the United States government is considering extending the same reporting requirements that apply to traditional fiat currency transfers to the world of digital assets 🌐. This potential policy shift has sparked a wave of discussions within the crypto community, raising concerns about privacy, regulatory overreach, and the future of decentralized finance.

The Proposal: Bringing Crypto Under the Same Rules as Fiat 🔍

The proposal under consideration would require cryptocurrency exchanges and financial institutions to report transactions involving digital assets, such as Bitcoin and Ethereum, in the same way they report large cash transactions in fiat currency. This means that any crypto transfer above a certain threshold—likely $10,000, similar to the current rule for fiat—would need to be reported to the Internal Revenue Service (IRS) 🏦.

The aim of this policy is to curb illegal activities like money laundering, tax evasion, and the financing of terrorism, which regulators argue can be facilitated by the relative anonymity of cryptocurrency transactions. By bringing crypto under the same reporting umbrella as fiat, the government hopes to improve transparency and oversight in the rapidly growing digital asset space.

The Crypto Community Reacts: Privacy vs. Compliance 🔐

Unsurprisingly, the proposal has sparked concern among crypto enthusiasts and industry leaders who view it as a threat to the very principles that cryptocurrencies were built on—privacy, decentralization, and freedom from government control. Many argue that such a mandate could undermine the pseudonymous nature of cryptocurrencies, forcing exchanges and users to comply with extensive reporting requirements that could deter new participants and stifle innovation in the sector 🚨.

On the other hand, some voices within the industry believe that increased regulation is inevitable and could ultimately lend greater legitimacy to cryptocurrencies in the eyes of mainstream financial institutions and investors. By complying with these regulations, they argue, the crypto industry could gain more widespread acceptance and integration into the global financial system.

The Broader Impact: What Could Change? 🌍

If the US government moves forward with this mandate, the impact on the cryptocurrency ecosystem could be significant. Exchanges would need to implement new compliance measures, potentially leading to increased operational costs and changes in how they handle customer data. For users, this could mean less privacy and more scrutiny over their transactions, with potential penalties for non-compliance.

Moreover, this move could set a precedent for other countries to follow suit, leading to a more globally coordinated approach to crypto regulation. While this might help reduce illegal activities, it could also push some crypto users toward more privacy-focused or decentralized platforms that are harder to regulate.

Looking Ahead: A New Era of Regulation? 🚦

As the US continues to explore ways to regulate the booming cryptocurrency market, the potential application of fiat reporting mandates to crypto transfers marks a significant step in that direction. While the intent is to curb illegal activities, the crypto community will be watching closely to see how these measures are implemented and whether they strike the right balance between regulation and the core values of the crypto movement.

For now, the debate rages on, with strong arguments on both sides. One thing is clear: as cryptocurrencies continue to grow in popularity and influence, the question of how they are regulated will only become more pressing. Whether this new mandate will help or hinder the growth of the digital asset space remains to be seen.
👇👇👇
$USDC
#PowellAtJacksonHole #CryptoMarketMoves #USDollarWarning #MtGoxRepayments #SuperMacho
💰🛢️ The Petrodollar Dilemma: Implications and Realities 🦊🐸💰📈💰🛢️💴💶💸💱 Here's a comprehensive article that examines the implications of oil sales diversifying away from the U.S. dollar: --- ## Introduction The petrodollar system, born out of economic and geopolitical shifts in the 1970s, has long tied global oil trade to the U.S. dollar. However, recent developments suggest that this relationship is evolving. Let's explore the nuances, consider India's role, and address the hype surrounding the dollar's vulnerability. ## The Petrodollar System: A Brief Overview 1. Origins and Informal Arrangements: - In the wake of the 1970s oil crisis, oil-producing countries, led by Saudi Arabia, began pricing their oil exclusively in U.S. dollars. - While there was no formal "agreement," an implicit understanding emerged: oil sales in dollars, security assurances from the U.S., and reinvestment of petrodollars in U.S. assets. 2. Benefits and Challenges: - The petrodollar system bolstered the dollar's reserve status and supported the U.S. economy. - However, it also created dependencies and geopolitical complexities. ## Diversification Trends 1. The 20% Threshold: - Approximately one-fifth of global oil trade now occurs in currencies other than the U.S. dollar. - Russia and China have been at the forefront of this diversification. 2. India's Role: - India, a major oil importer, has expressed interest in settling oil transactions in Indian Rupees (INR). - If India buys oil in INR, it could further diversify the currency landscape. ## USD Vulnerability: Separating Hype from Reality 1. USD's Resilience: - The dollar's reserve status remains robust due to its widespread use in trade, financial markets, and central bank reserves. - The petrodollar system is just one facet of its strength. 2. Energy Transition and Local Production: - The U.S. is reducing its dependence on oil imports due to the shift toward electric vehicles and increased local production. - This trend impacts the dynamics of global oil markets. ## India's INR Transactions: A Minor Adjustment 1. Magnitude of Change: - Even if India starts buying oil in INR, the overall proportion of oil traded in currencies other than the U.S. dollar would likely remain within the existing one-fifth ratio. - India's contribution, while significant for its economy, won't dramatically alter the global landscape. ## Conclusion While diversification is real, the USD's position is far from being on the brink of collapse certainly as India's potential shift to INR for oil purchases won't significantly alter the existing ratio. To sum up, the petrodollar system will continue evolving, but the dollar's dominance endures. --- Remember, economic landscapes are complex, and predictions are subject to change. As we navigate these shifts, understanding the interplay between currencies, energy, and geopolitics remains crucial. 🛢️💡💰🌍 #Bitcoin_Coneference_2024 #BinanceTurns7 #petrodollar #EconomicAlert #USDollarWarning $BTC $PEPE $ADA {spot}(BTCUSDT) {spot}(PEPEUSDT) {spot}(ADAUSDT)

💰🛢️ The Petrodollar Dilemma: Implications and Realities 🦊🐸💰📈

💰🛢️💴💶💸💱
Here's a comprehensive article that examines the implications of oil sales diversifying away from the U.S. dollar:
---
## Introduction
The petrodollar system, born out of economic and geopolitical shifts in the 1970s, has long tied global oil trade to the U.S. dollar. However, recent developments suggest that this relationship is evolving. Let's explore the nuances, consider India's role, and address the hype surrounding the dollar's vulnerability.
## The Petrodollar System: A Brief Overview
1. Origins and Informal Arrangements:
- In the wake of the 1970s oil crisis, oil-producing countries, led by Saudi Arabia, began pricing their oil exclusively in U.S. dollars.
- While there was no formal "agreement," an implicit understanding emerged: oil sales in dollars, security assurances from the U.S., and reinvestment of petrodollars in U.S. assets.
2. Benefits and Challenges:
- The petrodollar system bolstered the dollar's reserve status and supported the U.S. economy.
- However, it also created dependencies and geopolitical complexities.
## Diversification Trends
1. The 20% Threshold:
- Approximately one-fifth of global oil trade now occurs in currencies other than the U.S. dollar.
- Russia and China have been at the forefront of this diversification.
2. India's Role:
- India, a major oil importer, has expressed interest in settling oil transactions in Indian Rupees (INR).
- If India buys oil in INR, it could further diversify the currency landscape.
## USD Vulnerability: Separating Hype from Reality
1. USD's Resilience:
- The dollar's reserve status remains robust due to its widespread use in trade, financial markets, and central bank reserves.
- The petrodollar system is just one facet of its strength.
2. Energy Transition and Local Production:
- The U.S. is reducing its dependence on oil imports due to the shift toward electric vehicles and increased local production.
- This trend impacts the dynamics of global oil markets.
## India's INR Transactions: A Minor Adjustment
1. Magnitude of Change:
- Even if India starts buying oil in INR, the overall proportion of oil traded in currencies other than the U.S. dollar would likely remain within the existing one-fifth ratio.
- India's contribution, while significant for its economy, won't dramatically alter the global landscape.
## Conclusion
While diversification is real, the USD's position is far from being on the brink of collapse certainly as India's potential shift to INR for oil purchases won't significantly alter the existing ratio. To sum up, the petrodollar system will continue evolving, but the dollar's dominance endures.
---
Remember, economic landscapes are complex, and predictions are subject to change. As we navigate these shifts, understanding the interplay between currencies, energy, and geopolitics remains crucial. 🛢️💡💰🌍
#Bitcoin_Coneference_2024 #BinanceTurns7 #petrodollar #EconomicAlert #USDollarWarning
$BTC $PEPE $ADA
--
Bullish
It’s ‘clear’ the US government is going after Tether — Ripple CEO Brad Garlinghouse said he views Tether as an important part of the ecosystem and that its fate will be an “interesting one to watch.” Ripple CEO Brad Garlinghouse says it is “clear” that the United States government is “going after” stablecoin issuer Tether — which could have an unpredictable impact on the crypto markets. Garlinghouse said on a May 10 episode of the World Class podcast there would “100%” be another crypto-related black swan event like the collapse and subsequent uncovering of fraud perpetrated by FTX’s executives. “The U.S. government is going after Tether, that is clear to me,” he said without elaborating and stopping short of suggesting any possible U.S. action against Tether would be the next black swan. He instead called it an “interesting one to watch.” “I view Tether as a very important part of the ecosystem,” the Ripple boss said. He added he doesn’t know how to predict what impact potential U.S. regulatory action against Tether would have on the crypto ecosystem. Garlinghouse’s comments come as Ripple plans to launch its own stablecoin in 2024. Tether Holdings is the parent company of a web of similarly named subsidiaries incorporated worldwide responsible for various operations in issuing and managing the Tether USDT tickers down $1.00 stablecoin — the world’s largest by market capitalization. #USDollarWarning #TetherTreasury #RippleUpdateV $XRP $FLOKI $SHIB
It’s ‘clear’ the US government is going after Tether — Ripple CEO

Brad Garlinghouse said he views Tether as an important part of the ecosystem and that its fate will be an “interesting one to watch.”

Ripple CEO Brad Garlinghouse says it is “clear” that the United States government is “going after” stablecoin issuer Tether — which could have an unpredictable impact on the crypto markets.

Garlinghouse said on a May 10 episode of the World Class podcast there would “100%” be another crypto-related black swan event like the collapse and subsequent uncovering of fraud perpetrated by FTX’s executives.

“The U.S. government is going after Tether, that is clear to me,” he said without elaborating and stopping short of suggesting any possible U.S. action against Tether would be the next black swan. He instead called it an “interesting one to watch.”

“I view Tether as a very important part of the ecosystem,” the Ripple boss said. He added he doesn’t know how to predict what impact potential U.S. regulatory action against Tether would have on the crypto ecosystem.

Garlinghouse’s comments come as Ripple plans to launch its own stablecoin in 2024.

Tether Holdings is the parent company of a web of similarly named subsidiaries incorporated worldwide responsible for various operations in issuing and managing the Tether
USDT

tickers down
$1.00

stablecoin — the world’s largest by market capitalization.

#USDollarWarning #TetherTreasury #RippleUpdateV
$XRP $FLOKI $SHIB
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