Money is about to enter a new era of competition
Bitcoin, Ethereum, and Web3 Are Already Reshaping the World
Parag Khanna, Balaji S. Srinivasanforeignpolicy.com2. National currencies will face digital monetary competition: We are about to enter an age of global monetary competition, where national currencies must earn their place in someone’s wallet portfolio every hour of every day, even among citizens of their own countries. The digital version of the Japanese yen will be plunged into head-to-head... See more
Parag Khanna, Balaji S. Srinivasan • Bitcoin, Ethereum, and Web3 Are Already Reshaping the World
The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance
amazon.com
Main Points • Re-Dollarization, Not De-Dollarization: Contrary to widespread predictions of the US dollar’s demise, it is experiencing a profound strengthening. This phenomenon, explained by the ‘Dollar Milkshake Theory’, is driven by massive capital inflows into US assets, sucking liquidity from the global system • A Second, Powerful Straw: US
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