🚀 **Bitcoin Set to Benefit from End of US-Saudi Petrodollar Deal!**
Big news! Saudi Arabia has decided not to renew its petrodollar deal with the US, opening the door to accepting various currencies, including cryptocurrencies like Bitcoin.This major move means Saudi Arabia can now sell oil in currencies like the Chinese RMB, Euros, Yen, and Yuan, shaking up the financial world. As the US-Saudi petrodollar system, established in 1972, ends, Bitcoin stands to gain significantly.
Saudi Arabia's participation in the China-led central bank digital currency trial, Project mBridge, marks its commitment to diversifying its economy. This project includes central banks from China, Hong Kong, Thailand, and the UAE, and aims to facilitate cross-border transactions using CBDCs.
Crypto analyst Doctor Profit predicts a bullish trend for Bitcoin, with rising US inflation prompting investors to seek refuge in alternative assets. Bitcoin's fixed supply and decentralized nature make it a prime beneficiary.
As traditional financial systems face instability, Bitcoin's role as a hedge against inflation becomes more pronounced. Doctor Profit expects long-term gains for Bitcoin, gold, stocks, and real estate as the US grapples with inflation and turns to more USD printing.
Stay tuned as the crypto landscape evolves! 🌍💸 #Bitcoin #Finance #IOprediction #TopCoinsJune2024
