The End of the Petrodollar With Bitcoin As the Big Winner? Mind You, It’s Not Quite That Simple!
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This story was originally published on HackerNoon at: https://hackernoon.com/the-end-of-the-petrodollar-with-bitcoin-as-the-big-winner-mind-you-its-not-quite-that-simple.
A few thoughts on the death of the king dollar will make you realize that we're a long way from that.
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A growing rumor has taken hold of social networks: Saudi Arabia has ended the petrodollar system. For some, everything is supposed to benefit Bitcoin despite common sense. The problem boils down to that phrase you've been hearing for decades about the US dollar. To challenge the domination of the dollar king, we need to turn to Bitcoin.
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