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Monday, October 25, 2021
Home News Jeffrey Tucker: Bitcoin destined to end dollar imperialism?

Jeffrey Tucker: Bitcoin destined to end dollar imperialism?

Interesting interview with Jeffrey Tucker from the Foundation for Economic Education in RT today.  

RT: What are the advantages of bitcoin on the market and what should we expect of it in the future?  

JT: It is already bigger than many currencies in the world. I’m very bullish on bitcoin generally over the long-term, I would say, the next five to ten years. And one reason is that it is a global currency, it is not attached to a single nation state. It exists for the entire world and it is not manipulated and controlled by central banks. That I think is a very good thing for many countries in the world – it allows Chinese to trade with Russians, Russians to trade with Americans, Americans to trade with Brazilians instantaneously at very low fees that you almost don’t even notice. You can’t do that with national money.  

Almost everybody – other than Americans – is tired of the dollar standard for the world. It doesn’t make any sense that one national currency would be the primarily liquid asset for the entire world. It gives the US really unmerited economic, political and military power. So, dollar imperialism is an unjust system and we need some replacement – and nobody has been able to come up with another replacement.

Bitcoin is nowhere near competing with the dollar. However, at some point, within the five or ten years it could actually become a serious player in the world currency exchange market.

Read full article here.

SourceRT.COM
Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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