Recently there have been talks about Saudi Arabia accepting the Chinese yuan for oil payments instead of USD. China, Russia, Brazil, and India make up BRIC and they thinking of having their own currency. I know some other countries were thinking of joining them. The dollar may continue to be the dominant currency but not as dominant as before and who knows how long that may last. US Federal debt I believe is the biggest. There have even been rumors of cuts to social security, which of course none of us millennials or younger would ever see. The buying power of the USD has declined over time even tho 1 USD is still 1 USD. The country is too divided mostly thru political lines, to solve any issues. The banking system is in shambles. They take your money and invest it themselves to get richer while giving you a miniscule return and then can't even give you all your money if you go try to withdraw it at a branch. There are way too many banks and some might not even be legit or worth the risk of keeping your money in. Plenty of them crashed in 08 and it looks like it's happening again. And if this CBDC, central bank digital currency, thing comes thru, what's stopping the government from saying that they don't need most or any of these banks when the federal reserve can run everything themselves? I've prolly been a BOA customer for 20 years and I think I have more fingers than the number of times I've stepped inside a branch. So if I have no use for the branches, imagine the feds. I think many banks already downsized and now it be worse if more go under. Crypto is worldwide meaning that it's available 24/7 even on holidays. Plenty of times I've had charges pending on the bank cuz it was the weekend, a holiday, or they take a few days to clear. Plus all the money they make off their customers money or thru fees. And the interest you get is nothing compared to crypto or investing. Now I doubt the US would do something drastic like start a war to protect the dominance of the USD, but that's something we definitely can't afford. I expect more banks to crumble soon enough. Be on alert in case any money needs to be moved.
the cats outta the bag the world govts already trying to create their own cryptos on par with what's out there pegged to their own currencies... We are first don't forget it..
the creator of Bitcoin created a monster that was the literal anthesis of centralized govt banks...
so on and on the wheel rolls on. All we can do is make good picks and buy enough to cash out when the time comes. They can't stop it.
the alts running is nice...
that's the plan... i've brought all the cryptos i could buy... now im just holding everything until the next bullrun..