Monday, May 9, 2022

Buying Bitcoin is Not a Problem, US Dollar Reserve Status Could End

A growing number of corporations are holding bitcoin on their balance sheets while more countries are establishing a framework to make BTC a legal currency.

El Salvador adopted bitcoin as legal tender alongside the U.S. dollar in September last year, and recently the Central African Republic made the crypto an official currency.

Meanwhile, an increasing number of people are expecting the U.S. dollar to lose its dominance, fuelled by the Russia-Ukraine war. Rich Dad Poor Dad author Robert Kiyosaki, for example, has repeatedly warned about the end of the U.S. dollar. Renowned investor Jim Rogers also warned in March about the end of the U.S. dollar.

- Source, News Bitcoin