-America Lost the Dollar's Supremacy in Global Trade💥
The dollar, the United States' long-dominant currency in global trade, is facing increasing challenges. Not using the dollar, especially in energy trade, could undermine the economic superiority of the United States.
-Saudi Arabia's Decision: It No Longer Sells Oil in US Dollars💥
Saudi Arabia made a big change in the energy markets and decided not to use the US dollar in oil sales. This could be a sign that countries are turning to alternative currencies in energy trade. This decision could reshape Saudi Arabia's energy trade relations with the United States and significantly impact global energy markets.
The Rise of Cryptocurrencies 💪
These developments may increase the role of cryptocurrencies in global trade. Loss of confidence in traditional currencies may lead investors and trading countries to alternative financial instruments. Especially cryptocurrencies such as Bitcoin and Ethereum can stand out as safe alternatives with their decentralized structure and limited supply.
The advantages of cryptocurrencies can be:
Independence: Their independence from central authorities makes them less sensitive to economic and political fluctuations.
Transparency and Security: Thanks to Blockchain technology, transactions are carried out transparently and securely.
Fast and Low-Cost Transactions: Cryptocurrencies offer fast and low-cost solutions for cross-border transactions.