I can definitely see unease with the US Dollar leading to increased reliance on crypto as people and nations look to diversify their reliance. Admittedly, I am not the most educated on the broader impacts of the long term decline of the dollar. The article shows that payment share is staying steady for now, but central banks seem to be preparing for the worst in diversifying away from the dollar. I would be intersted to hear what you all think about this issue and how it may help or hurt the cryptocurrency industry?
Crypto Insight — ⭕ US debt hits WWII-era extremes with $64 trillion owed, but one market price decides whether Bitcoin benefits
The US has accumulated $64 trillion in debt, similar to levels seen during World War II. Some people are looking at Bitcoin as a possible alternative to traditional money systems.