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De-dollarization is the most talked about subject in developing countries where they aim to uproot the US dollar from the world’s reserve currency status. Emerging economies want their local currencies to take first precedence by ending dependency on the US dollar. The prospects of the greenback are at stake as countries in the East are looking to tilt global financial power on their side. The upcoming decade could decide if the USD will remain the de facto reserve currency of the world. Also Read: 5 US Energy Sectors To Be Affected If De-Dollarization Advances De-dollarization: Analyst Forecasts the US Dollar’s Future Source: stock.adobe.com Leading economist and author Madan Sabnavis predicted that de-dollarization’s time has not come yet and the US dollar will remain the global supreme currency. He wrote that anchor currencies, BRICS currencies, and local currencies are not qualified to withstand the whiplashes of the markets. In addition, “finding common grou...

Although cryptocurrencies like Bitcoin (BTC) have existed for nearly 15 years now, the idea of their existence was born long before, as evident from the statements made by the late Nobel Prize-winning economist Milton Friedman in an interview published 30 years ago. Specifically, Friedman, who won the 1976 Nobel Memorial Prize in Economic Sciences for research on consumption analysis, monetary history and theory, and the complexity of stabilization policy, praised the invention of the internet back in 1993 in a video shared by the X user DocumentingBTC on September 21. Nobel Prize winning economist Milton Friedman predicted #bitcoin 30 years ago.pic.twitter.com/rLRmXSlBqq — Documenting ₿itcoin (@DocumentingBTC) September 21, 2023 As it happens, crypto analyst Dennis Parker originally shared the video back on February 3, 2018, when the interview itself was about 25 years old. As the famous economist explained at the time: “The internet is going to make it very diffic...