Whats Bitcoin Role After End of Petrodollar System? Arthur Hayes Says - BitcoinEthereumNews.com
बीटीसी दैनिक चार्ट पर बग़ल में चल रहा है। स्रोत: बीटीसीयूएसडी ट्रेडिंगव्यूAs Gold Rises, So Will Bitcoin… हाल के दिनों में पद from BitMEX Co-Founder Arthur Hayes, there is a prediction for Bitcoin for the coming years, and a declaration with potential implications for the whole world: the financial system supported by oil and dollars came to an end. Otherwise known as “Petrodollars”, the term describes the way our current financial ecosystem is supported by the exchange of the U.S. dollar for this commodity, the worlds main source of energy. Big oil producers accept this currency, almost exclusively, for their products. This gives the U.S. dollar a prime position in the financial system, contributing to its global reserve currency status. The वर्ल्डवाइड इंटरबैंक फाइनेंशियल टेलीकॉम (SWIFT) के लिए सोसायटी is another major component of that system. For some, Bitcoin is a direct competitor and a threat to this status quo. In his essay, titled “Energy Cancelled”, Hayes claims the Petrodollar system came to an end. The invasion of Ukraine by the Russian army led to the imposition of sanctions from the international community to the Vladimir Putin-led country. Russian banks and a portion of the countrys fiat currency reserve were seized by the U.S. and