Janet Yellen has said she fears U.S. financial sanctions will reduce the role of the dollar around the world, as Russia encourages the use of bitcoin and crypto...
I think the key there is that US doesn’t control trade of bitcoin the way they do swift. Any country can send bitcoin to any other country as a form of settlement, and there’s nothing US can do about it.
Bitcoin…which is valued in dollars?
I think the key there is that US doesn’t control trade of bitcoin the way they do swift. Any country can send bitcoin to any other country as a form of settlement, and there’s nothing US can do about it.
Crucially, it’s valued in other currencies too, and not just printed by the USA