End Of The US Dollar? Governments’ Plan Involving Crypto Is Outrageous

The situation worldwide involving geopolitics is getting hotter with each passing day. This is obviously affecting the markets and the crypto market is no exception.

After multiple price corrections, today, the crypto market seems to be trying to recover. More important coins are trading in the green.

It’s been just revealed that with everything that has been going on, the USD supremacy is at risk these days.

According to the latest reports, the investing legend Jim Rogers is issuing a warning to investors that the dominance of the US dollar is at risk and that crypto assets could turn out to be outlawed by the government.

In a recent interview with Economic Times India, he said that the US dollar doesn’t appear to be the same safe haven it once was.

If you are wondering why this is happening, well it’s because the US government’s willingness to sanction entities is pushing other nations to consider adopting competing currencies.

“I own US dollars partly because when turmoil comes, people look for a safe haven. They think the US dollar is a safe haven for historic reasons.”

He continued and said:

“But what is happening with the US dollar now is the end of the US dollar because an international currency is supposed to be neutral but in Washington, they are not changing the rules.”

He also said that if “Washington does not like you, they put sanctions on you, and you cannot use US dollars. So many countries are starting to look for a competitor – China or Russia or India, Iran, Brazil…”

He said that there are countries that are already looking for a competing currency. He also said that crypto will be the new money and governments could eventually “outlaw, tax, and regulate them to assert their control over the market.”