De-Dollarization: Gold, Bitcoin, or Yuan, BlackRock CEO Picks USD Replacement
The growing de-dollarization sentiment has been troubling to the American economic front. The US dollar’s value and prestige have seen a substantial decline over the last decade. China, in particular, has spearheaded the move away from the greenback. The BRICS bloc of nations, in general, has expressed a desire to trade using alternative currencies. But China has single-handedly made significant inroads in this regard. Also Read: PEPE Hits Key Bollinger Zone: Another 20% Rally Incoming? BlackRock CEO Picks US Dollar Replacement Source: DL News While China has made considerable advances for the de-dollarization agenda, the yuan may not be the currency that dethrones the almighty US dollar. According to BlackRock CEO Larry Fink, it’s not the yuan or gold that may replace the US dollar as the global reserve currency, but Bitcoin (BTC). Also Read: Trump Moves to Impose 100% Tariff on All Foreign-Made Films In a recent letter to shareholders, Fink explained why the US dollar...