🔥🔥⚠️Very Important ⚠️🔥🔥
There is widespread concern in America due to headlines claiming that Saudi Arabia has informed the Biden administration it will not renew the petrodollar agreement.
This could lead to fluctuations in stablecoins like USDT and USDC, as people might shift to buying Bitcoin and flee to gold and silver markets.
Recent reports indicate China has been buying large amounts of gold, possibly preparing for an imminent event.
While changes may not happen overnight, market reactions will unfold over the coming weeks. Since there are future contracts settled in dollars, the impact might be delayed. However, the non-renewal of this long-standing agreement will undoubtedly shift significant economic balances.
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Disclaimer: Includes third-party opinions. No financial advice.