Countries like Brazil and China are challenging the US dollar’s dominant position in international trade and banking. This is due to the growing cold war between the West and the Sino-Russian bloc, US debt and inflation, and the controversial interest rate policy. What does this mean for other currencies and cryptocurrencies? Will Bitcoin become an international currency?
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The US and China are in a heated contest for control of microchip production. The US emphasizes domestic technical advancement and supply chain stability, while China…
The Chinese ordered state-owned banks to prepare for a massive dollar sell-off and yuan purchases. The Chinese want the yuan to strengthen against the dollar. It…