US Dollar Dominance And Global Divisions To Take Advantage Of Crypto | CryptoGazette
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It’s been just revealed that the US dollar dominance and global divisions will take advantage of digital assets.
The CEO of a global digital asset exchange says the relevance and adoption of crypto will swell as geopolitical tensions rise and the US dollar hegemony grows.
In a new video with Circle chief executive Jeremy Allaire, Binance head Changpeng Zhao explained that as the world gets more divided and the US dollar increasingly gets used as a sanctions tool, crypto will emerge as an alternative.
“Money is a very strong tool for governments to influence each other, the geopolitics, etc. [The] US dollar is one of the strongest tools that the US has…”
He continued and said the following:
“The world is becoming more divided. When the world becomes more divided, guess what? People will tend to try to use the currency as a tool to enforce sanctions and etc.”
People are looking for neutral things to use
He also stated that when you do that a lot, people look for a neutral thing to use, which is cryptos.
He believes that Bitcoin is very neutral. “It doesn’t belong to any country. No one can mint more of it. There’s no inflation. It’s the most neutral thing.”
Check out the original article posted by the Daily Hodl in order to learn more about what he had to say.
Inflation hits the highest peak
Earlier today, we revealed that inflation is now at its highest peak since 1981 and this is terrible news. For those claiming that crypto is the scam, this is something to think about.
Check out this relevant tweet:
Stay tuned for more news.
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