Yes, and the US is in the amazing position where basically all global trade is denominated in US dollars. This tariff thing is just going to incentivise everyone to switch to something else.
BRICS has a project to create a cryptocurrency to denominate all trade between those countries. Not sure if it’ll be successful, but it’s definitely their ambition.
Yes, and the US is in the amazing position where basically all global trade is denominated in US dollars. This tariff thing is just going to incentivise everyone to switch to something else.
I bet Putin and Xi would prefer that to change.
BRICS has a project to create a cryptocurrency to denominate all trade between those countries. Not sure if it’ll be successful, but it’s definitely their ambition.