DeFI News by Thebittimes.Com

The de-dollarization movement has become a hot topic in financial and political circles. The dominance of the US dollar has been put into question over the last decade. The BRICS bloc of nations, China and Russia in particular, has expressed the desire for an alternate currency system. While the movement has garnered worry from many leaders, some experts are not very concerned. Also Read: Pi Coin Price Prediction: $600 Investment Could Make You a Mini-Whale by 2030 Nobel Prize-Winning Economist Not Worried About De-Dollarization Source: Cloudfront In April 2023, Elon Musk replied to an X post talking about de-dollarization. The post highlighted how the dollar’s share went from 73% in 2001 to 55% in 2020. It further stated how the greenback’s share went from 55% to 47% after Western sanctions on Russia. Musk also gave his thoughts on the matter. He stated, “ If you weaponize currency enough times, other countries will stop using it. “ If you weaponize currency eno...

BlackRock CEO Larry Fink said Bitcoin will hit $700k amid currency debasement fears while Goldman Sachs CEO David Solomon said BTC is not a threat to the dollar. The comments from the top Wall Street CEOs come as the largest crypto by market cap experienced a more than 3% drop in price over the past 24 hours to trade at $102,661.93 as of 1:09 a.m. EST, according to CoinMarketCap . Larry Fink Sets BTC Price Target At $700K Speaking to Bloomberg on Jan. 22 during the World Economic Forum in Davos, Switzerland, BlackRock CEO Fink said that small BTC allocations between 2-5% from asset managers would be enough to push the price of Bitcoin to the predicted $700K target. “If you are frightened of debasement of your currency…you can have an internationally based instrument called Bitcoin….I’m a big believer…” – Larry Fink of @BlackRock pic.twitter.com/C3VJQpqTML — Michael Saylor⚡️ (@saylor) January 22, 2025   He ad...