Goodbye to the petrodollar and American hegemony.
The crypto market has been at a critical point for days, wiping out thousands of dollars that were hard-earned during the bull run. I know there are plenty of good and bad news out there, but one piece of news really caught my attention. China, Russia, and Iran are now trading oil in Yuan. With this, they're dethroning the US from its global hegemony by insisting that oil was only traded in dollars. The market that North America once dominated is slipping away, and this is going to trigger a chain reaction where the dollar and the American economy will bear the brunt. This will have a global impact. I am completely sure that the dollar will devalue and Wall Street is going to bleed significantly.
It's just a matter of time.
#PetroYuan