Will the dollar fall?
One of the manifestations of the power of the United States of America is the currency,
the US dollar, which was known for its control over global market transactions and international trade. It is considered a reference that came in the first steps after what was known for a year as the Nixon shock.
But every now and then, news and headlines accelerate about the fall of the dollar and its reaching its end, and thus the end of American hegemony
Is the dollar linked to oil? Perhaps this is another topic, but the Russian President, through his statements today
Russian President Vladimir Putin:
This will be the end of the dollar
“It will be the beginning of the end for the US dollar if oil producers in the major Arab countries start abandoning the dollar.”
According to Putin's statement, the coup de grâce that will eliminate the dollar is oil, and that will be by switching to non-dollar trading in the oil market, but this must start from the oil-producing Arab countries, led by the Kingdom of Saudi Arabia.
Putin's words are just a political card he is playing against the United States of America.
The dollar and its fall is not that easy, but it is like the beginning of a collapse. The oil market could be the beginning of the end of the dollar story, but will it be Bitcoin?
It is the dollar of the future. We will see in the coming days
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