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IPFS News Link • Bitcoin

Bitcoin or Gold – Who Will Succeed the Dollar?

• newsbtc.com

The current economic situation looks bad for the dollar, all thanks to one-sided monopolistic and hypocritical foreign and economic policies. Thanks to the growing influence of China and Russia on the as they build their gold reserves and encourage foreign trade with domestic currencies. Chinese Yuan is a strong contender to replace the dying dollar. Russian Ruble staying right behind.

United States brought this upon itself by playing hardball with the countries that refused to play along with it. The never ending game of economic sanctions and military invasions has forced the targeted nations to find ways to reduce their dependency on the dollar. Yuan and other currencies are giving a way out to these countries.

In addition, the establishment of Asian Infrastructure Investment Bank (AIIB) spearheaded by China, supported by more than 20 countries is a clear indicator that the global economy is moving away from the dollar-dominated World Bank/IMF towards emerging economies.


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