⭕️Very important $USDC
Hysteria among Americans everywhere under the title (Saudi Arabia informed the Biden administration that it will not renew the petrodollar agreement).
I think the first thing we will notice is the vibration of stable currencies denominated in the US dollar:
USDT
USDC
And other stable currencies, so they will flee from these currencies to buy Bitcoin in digital currencies, and they will flee from the dollar to buy gold and silver in global markets, noting that the latest report talked about huge rates of buying gold from China in the past months, as if it was preparing for something to come.
I do not think that events will happen quickly overnight, so we will wait and see the market’s reaction from Monday and over the coming weeks because there are futures contracts that will be paid in dollars between countries, so the impact may be later and not as some people exaggerate.
But failure to renew this agreement, which lasted 50 years, will inevitably change huge economic balances.
