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Will Bitcoin Strengthen or Weaken US Dollar Dominance?
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Will Bitcoin Strengthen or Weaken US Dollar Dominance?
The reported death of US dollar dominance has been greatly exaggerated. The dollar’s demise has been repeatedly prophesied, supposedly threatened by any number of currencies including the euro, the yuan, and recent hints of a gold-backed currency from the BRICS countries (Brazil, Russia, India, and China). Will the US dollar maintain its global dominance? Is there a role for bitcoin in US policy? In a recent paper titled “The Treasury Standard: …
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