Saudi Arabia stands for 11% of world’s oil production. When USA went off the Gold Standard in 1971 they had to sign a 50 year deal with Saudi. Now that deal has ended and they can sell oil in #bitcoin.
Saudi Arabia stands for 11% of world’s oil production. When USA went off the Gold Standard in 1971 they had to sign a 50 year deal with Saudi. Now that deal has ended and they can sell oil in #bitcoin.