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China has been very open about its de-dollarization agenda. While the BRICS bloc of nations has expressed a desire to move away from a US dollar-based global system, none has been more steadfast than China. The nation has been pushing to make the yuan a global currency. The Chinese Communist Party (CCP) has even achieved substantial success for its efforts. China’s De-Dollarization Initiatives Taking Hold Source: Watcher.Guru China’s strategic movements have stealthily placed the yuan as a competitor to the US dollar in global trade. China’s de-dollarization initiatives have substantially put a question mark on the US dollar’s dominance. The yuan has seen a significant increase in global trade settlements over the last decade. The figure is only expected to rise over the coming years. Earlier this year, it was revealed that China has signed 40 currency swap agreements with foreign banks. The move further sheds light on how fast the country is moving away from the...

With Bitcoin surging once again, billionaire Tim Draper has predicted that BTC will replace the globally dominant US dollar over the next 10 years. Indeed, the venture capitalist discussed the leading cryptocurrency and why it may be set to become the global standard over the next decade. Additionally, Draper projected Bitcoin to reach a price of $250,000 by the end of the year. That prediction aligns with statements made by Standard Chartered Bank, which recently said BTC was on pace for a $120,000 price point in Q2 of this year. Source: Watcher Guru Also Read: Tim Draper reveals his Billion-Dollar Cryptocurrency Portfolio Billionaire Venture Capitalist Says Bitcoin Will Replace The US Dollar In The Next Decade Entering 2025, Bitcoin and the cryptocurrency market were a clear focal point. With the return of Donald Trump to the White House, the nation got its very first pro-crypto administration. Subsequently, many experts foresaw the presence of favorable regulation for the asset clas...

The financial markets are encountering a new era, a time when the multipolar currency agenda is shaping the world. Currency alternatives are rising at a rapid pace, giving stiff competition to the US dollar from all corners. In this wake, Bitcoin and gold have emerged as the top performers of 2024, an unlikely duo that continues to shake the financial realms at an astonishing pace. Also Read: Ripple Shock: Chairman Moves 50 Million XRP After 11 Years! The Best Asset Duo of 2024 According to Charlie Bilello, a notable financial analyst, Bitcoin and Gold have emerged as the top performers of 2024. The expert claimed it’s unlikely to see such different assets trending simultaneously at the number one and two spots. Bilello took to X to share a compelling insight, adding how BTC has surged 43% and Gold has surged 29% in 2024. “Bitcoin (+43%) and gold (+25%) are the top performing major assets in 2024. We’ve never seen these two in the #1/#2 spots for any calendar year.” The cons...