Hello everyone,. I thought of having this topic, just be sharing our point of view and understanding for any daily crypto news shared here by any of us.
Also to enhance
Active involvement of users.
Share our opinions, ideas, views and others.
In general, keeping this forum active
I will start by sharing:-
Dogecoin flips Cardano $ADA becoming the 7th largest crypto in the world by market value.
GM Tronics
News updates to share this day.
Former President Trump says âour currency is crashing and will soon no longer be the world standard.â
This leads me to the question
USDâs Fall = A New Opportunity for Crypto??
The USDâs long-standing dominance is facing significant challenges as its three main advantages are eroding. The USâs political and economic stability has weakened due to a series of misguided decisions, which have damaged the US dollarâs value and given competitors an advantage.
The Fedâs mishandling of inflation and poorly regulated banking system have also contributed to the USDâs decline.
Other countries have taken advantage of the USâs vulnerabilities by forming economic and political alliances, cutting oil production output, and using their own currencies for exchanges and bank reserves. As more countries move away from the USD, the global financial market is poised to shift toward a new era of economics, which could have significant implications.
Letâs review what happened with the US dollar and how the crypto market will be affected if it loses its #1 place in the world. ( An opportunity for Crypto?)
A loss of the US dollarâs reserve currency status could have both positive and negative implications for the cryptocurrency market.
On the positive side, cryptocurrencies could become more attractive as an alternative store of value.
Stablecoins backed by the USD could lose market share, leading to the development of Euro-backed or Yuan-backed stablecoins. Even inflation-pegged stablecoins can become a thing, as worldwide inflation will spike drastically when the USD loses its power and influence.
On the negative side, losing confidence in the USD could lead to a broader economic downturn, hurting the cryptocurrency market.
Increased regulatory scrutiny on cryptocurrencies could also be a possibility. The impact of such a loss is difficult to predict, but changes to the status quo can have far-reaching consequences.
One good thing,Bitcoin will have value. Crypto will live. So, go check your bags. You might want to stack them for nowâŠ
yh it is not good because users of okx will have to move to other exchanges if they want to do futures. But its not too bad because i think if they had a lot of people on okx using tron futures they wouldnât have delist it. It means there are no or few people using that service