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Bitcoin may outlast the US dollar, says crypto asset manager Bitwise, as escalating Trump tariffs on China trigger fears of a breakdown in the global economic order. At the same time, Bridgewater Associates founder Ray Dalio is warning of a “once-in-a-lifetime” breakdown in the world’s monetary and geopolitical order — a shift that could reshape global finance far beyond the trade war. “Higher chance Bitcoin survives over the dollar in our lifetime after today,” wrote Jeff Park, Bitwise’s head of alpha strategies, in an April post on X. “First time the thought hit me and didn’t feel like theory but an actual truth to grapple with.” The comment came after US President Donald Trump raised trade tariffs against China to 104%, escalating his trade war against the world’s second-biggest economy and the rest of the world. Investors Left With Fewer Options Could End Up Buying Bitcoin Bitwise CEO Hunter Horsley echoed Park...

In a world that is increasingly pivoting towards the multi-polar narrative, the US is now struggling to maintain its dollar diplomacy intact. While the efforts to curb de-dollarization have always been initiated by the US, Trump’s sudden tariff sprees have now cast a shadow of doubt, with analysts questioning whether such tariff moves are in sync with the US economic infrastructural health. Moreover, Trump’s tariff ordeals have started to affect the US dollar, with USD encountering heavy fluctuations in its valuation. Will the US economy be able to handle the aftermath of Trump’s bold tariff ordeals? Or will it prompt nations to pursue de-dollarization holistically? Let’s find out. Also Read: BlackRock Unveils Bitcoin ETP in Europe: What This Means for Investors Trump and Tariffs: What’s Happening Source: Los Angeles Times Donald Trump is currently pursuing an aggressive tariff policy and is busy levying tariffs on nations to bolster the US economy. In one ...

2025 is just a day away, with a new dawn already promising a variety of new developments. 2025 is pivotal to the US government in many ways, as it marks the initiation of Trump’s official leadership as the 47th US president. The president-elect is currently banking on bolstering the US dollar by imposing tariffs, an idea which, according to many, could further erode the dollar’s value in the long haul. Will de-dollarization prevail in 2025, or will it die down eventually? Let’s find out. Also Read: Ripple: Here Are The 4 Price Targets That XRP Could Hit In 2025 Tariffs and Trump: A Lethal Combination? Source: Watcher Guru Trump has vowed to impose tariffs on countries that have been moving away from the US dollar. The fact that the rising de-dollarization drives have lately been wreaking havoc on the dollar has compelled Trump to ensure a plan is safely in place to protect the USD. However, several analysts believe Trump’s tariff plan may ultimately backfire, furthering the ...

The currency market is experiencing volatility as the US dollar and Japanese Yen changed course after the Feds FOMC meeting. The US dollar outperformed gold, crude, and Brent oil, all local currencies including Yen before the Fed meeting on Wednesday. However, things went downhill for the USD currency on Thursday as it slipped from 104.20 to 103.27 within hours on Thursday. Also Read: US Dollar King: Beats Gold, Local Currencies & Crude Oil in 1 Day Source: MarketWatch The Japanese Yen gained strength against the US dollar after the Feds meeting leading the USD currency to slide. The Fed’s updated quarterly economic projections indicate the personal consumption expenditures price index will rise by 2.6% by the end of 2024. The Central Bank projected a 2.4% rise in personal consumption expenditures, excluding food and energy in December last year. Currency Updates: The US Dollar vs Japanese Yen For March Mid-Week Source: FXstreet.com Leading currencies like th...

BRICS countries are promoting their native currency before launching a new tender in August 2023. The next BRICS summit will be held in South Africa and the BRICS nations Brazil, Russia, India, China, and South Africa will launch a new currency to settle international trade. The nations aim to remove the U.S. dollar from its global reserve status and overthrow the existing financial order. China is making use of the timeline by asking other developing nations to settle trade using the Chinese Yuan. In Q1 2023, the Chinese Yuan was the most traded currency in Russia overtaking the U.S. dollar. In addition, France settled an LNG gas trade with China by paying in the Chinese Yuan, ending the reliance on the dollar. Also Read: 5 Arab Nations Ready To Join BRICS Alliance JUST IN: China and France complete first LNG gas trade using Chinese Yuan, ending reliance on the US dollar for energy trades. — Watcher.Guru (@WatcherGuru) March 29, 2023 On the other hand, India has ask...