The United States sanctions a plethora of governments around the world while its reserve bank prints dollars like toilet paper. The COVID pandemic, interest rate hikes and global diplomatic relations-- all moves that have put pressure on reserve banks around the world to urgently seek alternatives to the US Dollar.
Do we dare say RIP USD?
Ex-marine and famous author of the best-selling book 'Rich Dad Poor Dad', Robert Kiyosaki, has warned that "the Federal Reserve’s continued rate hikes will crash the U.S. dollar", also quoted in a bitcoin.com news article written by economist Kevin Helms.
Russia has about 60% of its currency reserves in Chinese Yuan (RMB) due to pressure from US Sanctions.
BRICS (Brazil, Russia, India, China, South Africa) member nations are in talks to bring about a new world reserve currency. This would mark a significant change and a disruption to the status quo as these countries represent the majority of the world's population and half of its economic output.
These developments have begun moving countries away from the US sphere of influence and towards the BRICS economy.
The economic pressure has even moved US allies such as Saudi Arabia to negotiate with China in regard to using the Chinese Yuan RMB to trade its oil reserves. Simply put, the world is moving away from the dollar.
This all contributes to the bullish position Robert Kiyosaki and millions of others hold on silver, gold, and BTC. As the dollar declines the global population will be forced to search for new place holders of value. Crypto is an investment vehicle that stands to greatly benefit from the US dollar decline.
Twitter influencer Balaji recently bet 1 Million dollars that BTC will hit one million dollars in price in 90 days. His logic behind the bet is that the dollar will experience massive inflation due to excessive printing by the federal reserve, forcing people all over the world to choose a different store of value.
In short, the world is moving away from USD. Crypto may very well be one of the best investment vehicles one can take advantage of to protect one's self from the dollar. RIP USD is here to keep us ahead of the curve.
Join t.me/RIPUSD