Dollar Loses to Digital Currencies in 2023, Former Russian President Medvedev Says – Bitcoin News
Digital fiat currencies will unfold subsequent yr whereas the U.S. greenback will likely be dropping its standing of world reserve foreign money, in line with Russia’s former head of state. In a string of tweets, Dmitry Medvedev gave his two cents on what the long run holds for the world, a “humble contribution,” as he put it, to the “wildest predictions” forward of New 12 months’s Eve.
Medvedev Sees World Financial institution Crashing, Musk within the White Home and Costly Oil
The Bretton Woods financial system will collapse subsequent yr inflicting the Worldwide Financial Fund and the World Financial institution to crash, in line with the person who was on the helm of Russia for 4 years between two of Vladimir Putin’s presidential phrases.
“Euro and dollar will stop circulating as the global reserve currencies. Digital fiat currencies will be actively used instead” whereas “all the largest stock markets and financial activity will leave the U.S. and Europe and move to Asia,” Dmitry Medvedev acknowledged on social media.
By way of a sequence of posts in a humorous tone this week, he gave his ideas on what may occur in 2023. “On the New Year’s Eve, everybody’s into making predictions. Many come up with futuristic hypotheses, as if competing to single out the wildest, and even the most absurd ones. Here’s our humble contribution,” the chief of the ruling United Russia social gathering tweeted on Monday.
Medvedev went on to forecast that oil costs will attain $150 a barrel and pure gasoline will high $5,000. He additionally expects the EU to break down after the UK rejoins the bloc, and the euro to fall out of use. In a divided Europe, France and Germany will conflict whereas Hungary and Poland will occupy elements of Western Ukraine, he added.
The Russian authorities official, now serving as Deputy Chairman of the nation’s Safety Council, sees California as an unbiased state and Texas leaving the U.S. to type an alliance with Mexico. “Elon Musk’ll win the presidential election in a number of states which, after the new Civil War’s end, will have been given to the GOP,” he wrote.
Dmitry Medvedev, who was additionally Russia’s prime minister between 2012 and 2020, and is considered a extra liberal politician than Putin, has been fairly energetic on social media since Moscow attacked Ukraine in late February. The navy invasion was met with waves of Western sanctions. Days after the battle began, he posted that Russia might “nationalize” overseas belongings in response to the penalties.
All through the outgoing yr, Russian authorities have been working to broaden the authorized framework for digital belongings and regulate cryptocurrencies, specifically their use for cross-border settlements amid monetary restrictions. Whereas the Financial institution of Russia, which is creating its personal digital ruble, proposed a blanket ban on crypto transactions within the nation, Medvedev instructed Russian media in January {that a} prohibition may have the alternative impact.
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Lubomir Tassev
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