Can the United States affect losing the crypto race? (Opinion)

Can the United States affect losing the crypto race? (Opinion)

At the end of the Second World War, the United States were in a supremacy in the global economy. For decades and generations afterwards, his national security depended on the petrodollar hegemony.

The standardized use of the dollar for international trade in oil and other raw materials ensured a constant demand for the currency. This relentless massive global demand for US dollars became a cross-generational subsidy. It allowed the central bank to print more to monetize public and private US debts.

The de-dollarization accelerates the cracks in petrodollar

But the easy years of American monetary dominance across the world through the petrodollar approach their end. An entry of April 5 in the politically radical but ideologically diverse compact Mag describes the extent of the changes:

"DEDOLLARIY - i.e. the decline of the status of the dollar as a global reserve currency - was once a imaginative dream, but it quickly becomes reality."

belong to the signs of this:

• Saudi Arabia announced in mid-March his willingness to accept Yuan for oil exports to China
A week later,
• China and Brazil announced an end to the use of dollars in their bilateral trade relationships
• The finance ministers of the Asean countries meet in Indonesia in March to reduce the dependency on the dollar
• France concluded a contract for the purchase of 65,000 tons of Russian natural gas from China in Yuan from
in March

Here is what it means for the USA in the crypto race.

The cryptoring will be as important as the space race

The USA can no longer enforce the trade in dollar reserves as an international standard, or at least they will probably not be able to do it for long.

But what it can do is to exceed foreign powers and actors by tempted everyone to use currencies that dominate it by investing strongly in them and enables the market to continue to do so functional, advantageous and easy to adopt international dealers such as Apple and Google smartphone operating systems for US consumers.

By providing BTC-Hash-Power at the Foreign Ministry, DHS, Ministry of Finance, Dod, Doj, Ministry of Commerce and/or the Federal Reserve, the United States can begin to accumulate a scarce digital property that will be one of the most consequent reserve currencies in history.

.