Friday 16 April 2021

U.S. Dollar Is Not Collapsing, It’s China That’s Actually Losing: Bloomberg Intelligence

Bitcoin going mainstream may be topping the crypto market headlines in 2021, but the increasing dominance of the dollar is equally significant, this according to Mike McGlone, a senior analyst for Bloomberg Intelligence. McGlone shares with our Daniela Cambone findings from his April crypto report. "Organic adoption of the world's reserve currency in the digital ecosystem affirms the greenback's expanding global footprint, despite the shrinking U.S. portion of world GDP, notably versus China,” he says. Video by Stansberry Research.