Any Attempt to Bail Out the Dollar with Crypto is Doomed – British Economist

https://sputnikglobe.com/20250202/any-attempt-to-bail-out-the-dollar-with-crypto-is-doomed–british-economist—-1121525849.html

Any Try to Bail Out the Greenback With Crypto is Doomed – British Economist

Any Try to Bail Out the Greenback With Crypto is Doomed – British Economist

Sputnik Worldwide

Any try and bail out the greenback with crypto is doomed, Rodney Shakespeare, a visiting professor at Trisakti College and co-founder of the International Justice Motion, advised Sputnik.

2025-02-02T10:27+0000

2025-02-02T10:27+0000

2025-02-02T10:28+0000

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“The USA is conscious about a potential collapse within the worth of the American greenback. Furthermore, it is aware of that the rise of BRICS will intensify the collapse,” Rodney Shakespeare, a visiting professor at Trisakti College and co-founder of the International Justice Motion, advised Sputnik. Nevertheless, at finest, the creation of a cryptocurrency stockpile “may present a minimal backing for the greenback,” the famend British economist speculated. Ought to a crypto bubble emerge following Donald Trump’s statements, it might “first result in a lessening of general demand and, on bursting, contribute to an enormous lack of confidence probably precipitating some form of monetary collapse,” the pundit concluded.

https://sputnikglobe.com/20250131/crypto-bubble-and-hot-air-trump-is-not-going-to-make-us-into-bitcoin-superpower-1121521787.html

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Donald Trump has repeatedly supported the idea of digital currencies, promising to show the US into a worldwide cryptocurrency hub. Whereas campaigning for the presidency, he additionally vowed to create a nationwide strategic Bitcoin reserve.