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IMF Official: Countries Are Reevaluating Their Reliance on the US Dollar

IMF Official: Countries Are Reevaluating Their Reliance on the US DollarFirst Deputy Managing Director of the International Monetary Fund (IMF) Gita Gopinath recently revealed that some nations are reconsidering their reliance on the U.S. dollar. Gopinath explained that this originated in the recent shocks from the coronavirus pandemic, the geopolitical situation with Russia, and national security concerns. IMF Executive: Nations Examining Reliance on U.S. Dollar […]

Jack Dorsey Predicts Bitcoin Will Skyrocket to ‘At Least $1,000,000’ by 2030: Report

Analyst Heralds Multi-Year Bull Market For Gold: $8,000 per Ounce at Play

Analyst Heralds Multi-Year Bull Market For Gold: ,000 per Ounce at PlayJan Nieuwenhuijs, a gold market analyst, has predicted a new multi-year bull market for gold. According to different factors, including the low percentage of gold as part of the global international reserves, and the size of the equity market, gold prices might be preparing to rise, putting prices of $8,000 per ounce in the realm […]

Jack Dorsey Predicts Bitcoin Will Skyrocket to ‘At Least $1,000,000’ by 2030: Report

Warren Buffett Sees No Alternative to US Dollar as Reserve Currency — Berkshire Holding $188 Billion in Cash

Warren Buffett Sees No Alternative to US Dollar as Reserve Currency — Berkshire Holding 8 Billion in CashWarren Buffett, chairman and CEO of Berkshire Hathaway, asserts that there is currently no viable alternative to the U.S. dollar as the world’s reserve currency, suggesting that U.S. debt will remain acceptable “for a very long time.” Berkshire currently sits on a cash pile of $188 billion, which Buffett views as “quite attractive.” Insights From […]

Jack Dorsey Predicts Bitcoin Will Skyrocket to ‘At Least $1,000,000’ by 2030: Report

New Global Currency Designed To Ditch US Dollar, Avert Sanctions Emerging As BRICS Leaders Prepare To Meet: Report

New Global Currency Designed To Ditch US Dollar, Avert Sanctions Emerging As BRICS Leaders Prepare To Meet: Report

A group of economically-aligned nations known as BRICS is reportedly hammering out the details on a new currency designed to drop dependence on the US dollar. South African Ambassador to China Siyabonga Cyprian Cwele says BRICS members will meet this month to discuss the specifics, reports the Chinese state-backed Global Times. On the agenda is […]

The post New Global Currency Designed To Ditch US Dollar, Avert Sanctions Emerging As BRICS Leaders Prepare To Meet: Report appeared first on The Daily Hodl.

Jack Dorsey Predicts Bitcoin Will Skyrocket to ‘At Least $1,000,000’ by 2030: Report

Japan’s Yen Flash Crashes To 160 Per Dollar As Global Currency Exhibits Extreme Volatility

Japan’s Yen Flash Crashes To 160 Per Dollar As Global Currency Exhibits Extreme Volatility

The Japanese yen just tapped its worst level against the US dollar in more than three decades, reportedly triggering emergency intervention from the country’s financial authorities. After touching 160.17 per USD, Japan moved to stop the slide and prop up the world’s third most-traded currency, reports the Wall Street Journal. “The U.S. dollar weakens 1% […]

The post Japan’s Yen Flash Crashes To 160 Per Dollar As Global Currency Exhibits Extreme Volatility appeared first on The Daily Hodl.

Jack Dorsey Predicts Bitcoin Will Skyrocket to ‘At Least $1,000,000’ by 2030: Report

Former President Donald Trump’s Advisers Explore Penalties for Nations Ditching US Dollar

Former President Donald Trump’s Advisers Explore Penalties for Nations Ditching US DollarFormer U.S. President Donald Trump’s economic advisers are reportedly devising strategies to deter nations from reducing their reliance on the U.S. dollar. Proposed deterrents include export controls, currency manipulation charges, and tariffs. Trump remains committed to preserving the U.S. dollar’s dominance as the global reserve currency. Nonetheless, a growing number of countries, particularly BRICS members, […]

Jack Dorsey Predicts Bitcoin Will Skyrocket to ‘At Least $1,000,000’ by 2030: Report

Japanese Yen Tumbles to 34-Year Low Against Soaring US Dollar

Japanese Yen Tumbles to 34-Year Low Against Soaring US DollarThis week, the Japanese yen plummeted to its lowest point since 1990 against the U.S. dollar, weighed down by Japan’s monetary policy and uncertain economic indicators from the United States. Japanese Yen’s Rapid Decline Triggers Talk of Market Intervention The yen’s sharp drop to 158.283 per dollar signals a substantial downturn for the currency. This […]

Jack Dorsey Predicts Bitcoin Will Skyrocket to ‘At Least $1,000,000’ by 2030: Report

Nigerian Central Bank Governor Denies Using Forex Reserves to Defend Local Currency

Nigerian Central Bank Governor Denies Using Forex Reserves to Defend Local CurrencyThe Nigerian central bank governor has refuted claims that the bank is using the country’s foreign exchange reserves to shore up the naira. The governor attributes the decline in reserves to debt repayments and other payments, which are made because they help to maintain Nigeria’s credibility. Maintaining Nigeria’s Credibility Yemi Cardoso, governor of the Central […]

Jack Dorsey Predicts Bitcoin Will Skyrocket to ‘At Least $1,000,000’ by 2030: Report

Morgan Stanley: US Dollar Has No Credible Challengers; Reserve Currency Status to Endure

Morgan Stanley: US Dollar Has No Credible Challengers; Reserve Currency Status to EndureThe U.S. dollar is likely to remain the world’s dominant reserve currency due to the absence of credible challengers. Morgan Stanley suggests that the Chinese yuan, often considered a potential rival to the U.S. dollar, currently falls short and is unlikely to dethrone the greenback. Reserve Managers to Grapple With U.S. Dollar According to the […]

Jack Dorsey Predicts Bitcoin Will Skyrocket to ‘At Least $1,000,000’ by 2030: Report

South Korean Won Overtakes US Dollar as Top Currency in Global Crypto Trading for Q1 2024

South Korean Won Overtakes US Dollar as Top Currency in Global Crypto Trading for Q1 2024In the first quarter of 2024, the South Korean Won surpassed the US dollar as the leading currency for global cryptocurrency trades, with a cumulative trade volume of $456 billion according to research firm Kaiko, reflecting a growing speculative interest in risky crypto assets in South Korea. The increase in Korean won-denominated trades has been […]

Jack Dorsey Predicts Bitcoin Will Skyrocket to ‘At Least $1,000,000’ by 2030: Report