China Saudi Partnership against Dollar
- Thread starter Yugocean
- Start date
I know that. But considering that inflation is messing up with the value of the naira, saving your money in the bank makes no sense. It is better you hold them in crypto and to escape the volatility of cryptocurrency, I hold them in USDT since I can't find dollar to buy in Nigeria or open dollar account. And as USDT is the same value with the dollar, I am assured that my funds are safe because dollars is relatively stable.
A lot of people actually misappropriate that because they are not into trading of cryptocurrency which is why they think that they are different but they are the same thing.
They are the same thing but scarcity of the dollar has made people to rather their assets in USDT. I can never save my money in naira I would rather hold on USDT.
Okay, that is mostly good for people who are in countries where their currencies is not stable. But those who are in the United States will mostly save their money in Bitcoin because of uncertainties surrounding the dollar.
What are the uncertainties surrounding the dollar? Even if this conspiracy works against the dollar, the currency won't experience a free fall.
It is very correct that there are several uncertainties that is surrounding the dollar and you cannot dispute that it is the strongest and the most powerful currency in the world.
No matter the uncertainties surrounding the dollar, it is still going to come out stronger. The Fed is full of economists that know how to weather crisis situations.
I never said the dollar will experience a free-fall. There are many countries who want independence from the dollar when making international transactions and that can depreciate the value a little.
