Author David Birch says a number of digital assets will arise to challenge the dollar as the dominant world currency.
A dollar is the national monetary unit of the USA, along with some other countries, and the most common types of dollar are the US dollar, the Canadian dollar, the Australian dollar, etc. Most affairs are made with the use of USD and, besides that, after World War II, the US dollar has become the world’s primary reserve currency or worldwide currency. In 1971, the cancellation of the direct convertibility of the United States Dollar to gold was ordered by President Richard Nixon. In some countries the dollar has the status of being the de facto currency which allows using it instead of the official one. The right of issuing the US dollars belongs to the Federal Reserve System and all dollar bills that have been issued since 1861 are still legal.
The U.S. already has a “safe and active dynamic domestic payment system,” Powell argued.11020
Stablecoins are taking over the crypto space with increased utility and circulation. What is prompting this growth, and is it a threat to the market?9501
Since 2010, inflation has turned $1 into 84 cents while $1 invested in Bitcoin would be worth $274,000.18144
Despite Bitcoin’s online sentiment being at a two-year low, analytics say that BTC may be on the verge of a breakout.27655
Can MIT help the U.S. catch up to China in the CBDC race?14935
As the tech standoff heats up, China launching a CBDC before the U.S. “absolutely does not guarantee global financial preeminence.”20073
The U.S. dollar has rebounded from a crucial multi-year support area and the price of Bitcoin and gold are simultaneously rejecting.21751
Foreign investors still doubt the PBoC's policies when it comes to the RMB exchange rate.5577
Three key macro factors raise the probability of a prolonged Bitcoin bull market, but a short term correction is very likely.62334
China can reverse Bitcoin transactions, a Ripple exec said.11951
Bitcoin and gold price dropped as the U.S. Dollar Index rallied, leading analysts to speculate whether a strong dollar will slow BTC’s momentum.43099
Here is how Neutrino USD staking on Ethereum works.8564
Gemini now supports the fiat currencies of Hong Kong, Australia and Canada.3152
The U.S. dollar is at risk of falling below the lower end of a 12-year trendline as some analysts argue that this may be a bullish turning point for Bitcoin's price.9302