China & France just completed their first Yuan-settled LNG trade
China & Brazil also reached a deal to trade in their own currencies
The sun is setting on the US Dollar. The next decade will be crucial for setting the stage for the next global reserve currency: will it be the digital Yuan or #Bitcoin?
Global reserve currencies historically last ~100 years
Doesn’t always repeat but sure does rhyme
Like clockwork 🕰️
I don’t think that rhymes but we’ll go with it!
Have you seen Blackrocks Aladdin has been making massive investments in Chinese markets now.
No, thanks for pointing that out
Things are getting weird.
I would guess yuan first, as ties are being made and using yuan supports building those ties. But at some point there would be no reason not to use the most neutral money we have. It’s just the volatility needs to taper a bit more.
It's going to be the yuan for international trade, but we are now in the heel of the hockey stick for Bitcoin.
I think to some extent this is political theater… will be interesting to watch. Bitcoiners need to be on high alert, nothing is certain (in short and medium time frames)
