nostr:npub1mh5a6mhm4u78glqxhltq7uexv6kddphycthlguvn0ux8ch72tc8q6q233h
>The fact that they wire USD through the SWIFT system doesn't really matter
it really does matter. not sure what your agenda is, but what it does is create international demand for dollars. people who hold dollars spend them
Not if they convert it to something else as soon as they receive it.
Anyway, the point is the USD is still the cleanest dirty shirt and there's nothing on the horizon which can seriously threaten it (except Bitcoin, but that's very much on the horizon)
nostr:npub1mh5a6mhm4u78glqxhltq7uexv6kddphycthlguvn0ux8ch72tc8q6q233h the petrodollar is just one contributor to global demand for dollars and its status as the world's reserve currency which is decreasing. overall demand for dollars definitely matters, even nations turn around and use it to buy their native currency, or gold, or anything else. those are still transactions and holdings.
i would like for btc to surpass the dollar but more likely the yuan will
