Cryptocurrency Can Never Dethrone The US Dollar, Experts Suggest
As the US economy shows signs of degradation with rising US debt metrics in the mix, the US dollar is bearing the implications of it all. The USD is now being dubbed a currency slowly inching towards its demise. With countries ready to gnaw at the US dollar’s reserve currency status, the American currency is now scouring in a volatile arena, with its competitors closing in hard and fast. Despite the plummeting data numbers and metrics, financial giant Morgan Stanley has backed the US dollar. The institution’s financial strategists are of the view that the USD is hard to outpace. The experts have stressed how the USD’s so-called “alternatives” will never get ahead of it, irrespective of changing economic narratives. Also Read: Inflating US Debt Metrics Will Not Affect the Dollar, Expert Opines Cryptocurrency Will Never Replace The US Dollar Source: WatcherGuru With Bitcoin touching new price highs, the discussions surrounding BTC replacing ...