Bitcoin’s Perfect Storm On The Horizon As Analyst Calls For ‘Inevitable’ Dollar Collapse
Morgan Stanley Asia Chairman: The Dollar Is Inevitably Doomed For 35% Crash
Morgan Stanley Asia chairman Stephen Roach has made a bold claim that he expects the dollar to suffer a serious collapse, forecasting a fall of 35% against other major world currencies such as the yen, yuan, euro, and countless others. Failing Reserve Currency Status Could Be Perfect Storm For Bitcoin
With each new asset purchase or minting of new dollars, inflation increases and the dollar weakens.
A weak dollar not only benefits Bitcoin due to more favorable exchange rates, but a reeling dollar exposes it to potentially losing its top spot as the global reserve currency. And while that very well could be China’s new-fangled currency who gives the dollar its first run for its money, Bitcoin may be the non-sovereign currency that the world chooses in the end.
