The Birth Of The Bitcoin-Dollar

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Written September 21, 2021

You have most likely heard of the petrodollar. You could not know the ins and outs, however you’ve heard the time period in historical past class or on some podcast. In a quite simple and reductive means, it’s an summary noun meant to point out the political and navy denomination of the United States’ greenback as the only buying foreign money of oil. By creating the unique medium of trade to be their greenback, be it in treasuries, bonds or money, the United States might “quantitatively ease” their increasing financial provide into the ever-demanded vitality commodity that’s oil.



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