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Monday, August 19, 2024

Cryptos such as Bitcoin (BTC) are coming to an end! Why? - Part 5


Just as we've stated previously below, the BRICS new payment system won't be able to process USD cryptos except non-USD CBDCs due to dedollarization.  There are only 193 countries recognized by the UN and these 159 countries constitute 82% of the world.


What if cryptos change their anchored USD currency to a non-USD currency for their survival?

Well, this won't work out because the US and its allies won't allow non-USD cryptos in their countries.  We can glean this outcome from the US stablecoin bill structure.  The US stablecoin bill stated very clearly that the stablecoin must be denominated in USD in order to be accepted.  Thus, any other non-USD crypto will be exterminated by the US and its allies.

Consequentially, the crypto world will be ramified into 2 systems (USD and non-USD) and this doesn't bode well for crypto developments.  Do you still think crypto has a future?

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