Major warning ⚠️

People in the United States are panicking: the recent headlines are like a bombshell, announcing that "Saudi Arabia has officially informed the Biden administration that it has decided not to renew the petrodollar agreement."

This news will undoubtedly cause a violent shock in the global financial market. The first to be affected will be stablecoins pegged to the US dollar, such as USDT and USDC, and their value fluctuations will become the focus of the market.

Under this uncertainty, investors will flee these assets that are closely tied to the US dollar and seek more stable investment channels. Bitcoin in the cryptocurrency market may become their safe haven, and precious metals such as gold and silver will also become popular choices in the global market.

It is worth noting that my country's large-scale purchases of gold in recent months seem to foreshadow some impending economic changes.

However, we should also remain calm and rational. The market's reaction takes time, and we will pay close attention to market dynamics and changes starting from Monday and in the next few weeks.

After all, future contracts between countries still need to be settled in US dollars, which means that the end of the petrodollar agreement will not immediately produce violent market fluctuations.

But its long-term impact will undoubtedly be far-reaching and extensive, and this major shift in economic balance deserves the attention of each of us.

Early evangelist of the currency circle, personal top set up a research team for several years, facing the bull market to share the spot currency ideas, rolling strategy, and 100-fold currency selection with fans.

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