IRAN GETS THE CRYPTO STAMP
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Iran lifts it’s ban on cryptocurrencies. This is good for #crypto adoption, but what can it mean for the #US ? 🤔
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Consider this...💭
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The US has the privilege that it’s currency, the dollar is used as the global reserve #currency.💱
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That means that most global trade occurs in dollars. So when South Africa buys oil from Saudi Arabia, the transaction will be dollars for oil.🛢
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This is a major advantage as it allows the US to run budget deficits (#spending more than it collects in #taxes, money printing) without having to worry about #inflation as long as the world is still holding and trading #dollars.🖨
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It also allows the US to weaponize the #dollar and cut its enemies out of #globaltrade, like Iran.❌
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By developing a #cryptocurrency, Iran could create a currency that other nations are willing to trade with, dodging US sanctions. 💱
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I think it’s time we start taking #cryptocurrency seriously.⚠️
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#crypto #cryptocurrency #cryptocurrencies#economics #money #wealth #learn#bitcoin #blockchain #economicfreedom#prosper #cryptonomics #economy
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