Any Attempt to Bail Out the Dollar with Crypto is Doomed – British Economist

https://sputnikglobe.com/20250202/any-attempt-to-bail-out-the-dollar-with-crypto-is-doomed–british-economist—-1121525849.html

Any Attempt to Bail Out the Dollar With Crypto is Doomed – British Economist

Any Attempt to Bail Out the Dollar With Crypto is Doomed – British Economist

Sputnik International

Any attempt to bail out the dollar with crypto is doomed, Rodney Shakespeare, a visiting professor at Trisakti University and co-founder of the Global Justice Movement, told Sputnik.

2025-02-02T10:27+0000

2025-02-02T10:27+0000

2025-02-02T10:28+0000

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“The USA is acutely aware of a possible collapse in the value of the American dollar. Moreover, it knows that the rise of BRICS will accentuate the collapse,” Rodney Shakespeare, a visiting professor at Trisakti University and co-founder of the Global Justice Movement, told Sputnik. However, at best, the creation of a cryptocurrency stockpile “could provide a minimal backing for the dollar,” the renowned British economist speculated. Should a crypto bubble emerge following Donald Trump’s statements, it would “first lead to a lessening of overall demand and, on bursting, contribute to a huge loss of confidence possibly precipitating some sort of financial collapse,” the pundit concluded.

https://sputnikglobe.com/20250131/crypto-bubble-and-hot-air-trump-is-not-going-to-make-us-into-bitcoin-superpower-1121521787.html

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Donald Trump has repeatedly supported the concept of digital currencies, promising to turn the United States into a global cryptocurrency hub. While campaigning for the presidency, he also vowed to create a national strategic Bitcoin reserve.