Exactly. Dollar is not just about trading. That’s why all those predictions about dollar going down the kitchen sink with the introduction of the Shanghai gold market priced in yuan a year ago and the recent introduction of oil priced in yuan as a catalyst to topple the usd has been proven wrong. Period. will it happen eventually? Maybe but in at least 10-15 years.
Usd is still the senior currency all investments are based on. No professionals will sell their mutual funds investments for storing in crypto yet. They have no where to go except remaining in usd denominated assets.
Crazy to hold dollars. But there is still half of the world who is holding dollars. upvoted and resteemed
Exactly. Dollar is not just about trading. That’s why all those predictions about dollar going down the kitchen sink with the introduction of the Shanghai gold market priced in yuan a year ago and the recent introduction of oil priced in yuan as a catalyst to topple the usd has been proven wrong. Period. will it happen eventually? Maybe but in at least 10-15 years.
Usd is still the senior currency all investments are based on. No professionals will sell their mutual funds investments for storing in crypto yet. They have no where to go except remaining in usd denominated assets.