The world’s faith in the US Dollar is fading fast. Malaysia is the latest country looking at using Bitcoin as legal tender.
JUST IN – Malaysia’s Communications and Multimedia Ministry proposes to adopt #Bitcoin and other cryptocurrencies as legal tender.
— Disclose.tv (@disclosetv) March 21, 2022
There is zero reason not to do this. The US Dollar’s status as the world’s reserve currency is in peril. It’s status was only propped up by the American military forcing countries to accept it to buy and sell oil. Now that ability of America to project power is fading, the currency is going to go with it. The world is recognizing this which is why alternatives are being sought out.
I believe you are going to see more countries begin to explore using Bitcoin as legal tender more and more as the global economic situation becomes increasingly uncertain. It’s a life raft on a sinking ship.
