US Dollar Dump Underway Amidst Bitcoin Accumulation

There’s a massive Bitcoin accumulation undergoing these days in the US, and not only amidst this, we’re also seeing lots of predictions about a US dollar collapse. Check out the latest reports about this below.

Accoridng to the latest reports coming from the online pubcalition the Daily Hodl, the economist and Bitcoin (BTC) bull Jeffrey Tucker says that the US government has self-sabotaged the dollar’s world reserve currency status.

In a new interview with NTD, Tucker says that the US’ decision to seize tens of billions worth of assets from Russians marked a major shift in history. This came to happen when many realized that the US dollar might not be the safe haven it once was.

“I think actually that history will record that that was the turning point for the dollar. Since 1944, the dollar has been dominant, even after the end of the gold standard in 1971, the dollar has been dominant except as a paper currency. That has really changed with the attack on Russia and the sanctions, because a lot of those assets that were confiscated by the US – just arbitrarily – were denominated, of course, in dollars.”

He continued and revealed the following:

“Now, if the US puts its political might behind other peoples’ willingness to hold its currency, and bludgeons them and attacks them and criticizes their policies and actually confiscates assets, then that just discourages people from holding the dollar.”

More than that, he also said that we now suddenly have a situation where all these very powerful and important countries are saying “‘we need to do something about this. Let’s dump the dollar, we’ve got to move on to something else.’”

He said that this is starting to happen as we speak. So, stay tuned and make sure to watch the markets as well.