Content
@
https://warpcast.com/~/channel/allinvest-crypto
0 reply
0 recast
0 reaction
Michael Zogot
@michaelzogot.eth
While "smart people" discuss de-dollarization and the dollar's collapse, the main dollar advocate who recently opposed cryptocurrencies and Bitcoin as competitors - Trump - has become their ardent supporter.** Why did this happen and how, in my opinion, does he plan to save the dollar through cryptocurrencies? Let's ask ourselves a question: which cryptocurrency is always in demand, regardless of market conditions? These are stablecoins.
1 reply
1 recast
3 reactions
Michael Zogot
@michaelzogot.eth
To which fiat currency are they usually pegged? That's right, to the dollar. What typically backs issued stablecoins? US Treasury bonds, which are critically important for dollar stability. And while demand for them is under pressure, the crypto market is creating a new digital economy based on the dollar. A new economic and financial system is now forming - without central banks, in countries where the traditional system is underdeveloped. All these countries will be able to transition to digital forms of the dollar on blockchain.
1 reply
0 recast
0 reaction
Michael Zogot
@michaelzogot.eth
For the US, what's important now is not so much the development of cryptocurrencies as a new type of economy, but rather building an economic and financial system where the dollar in the form of USDC and USDT will play a leading role. Thus, the dollar will continue to maintain its leading position in national economies and in the lives of ordinary users. That's why they're now giving freedom of action to everyone creating new applications and systems, providing more opportunities to exchanges, funds, and developers. And Bitcoin can serve here as a reserve fund, just as gold once did for the dollar. Of course, other countries like China and intergovernmental unions like the EU understand this, and they will respond by creating their own currencies or even CBDCs. **Any such reaction leads to the growth of digital currencies and the cryptocurrency market - both due to user interest and as a defensive reaction to CBDCs.**
0 reply
0 recast
0 reaction
