U.S. Dollar decline: Beginning of the end of the world reserve currency and weapon of mass starvation?

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US dollar demise will soon be attributed to bitcoin rise – Max Keiser — RT Business News

US dollar demise will soon be attributed to bitcoin rise – Max Keiser​

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The leading global cryptocurrency’s parabolic surge is already off the US’ money printing chart, but unlike fiat money, it’s going to keep rising. RT’s Keiser Report hosts, Max Keiser and Stacy Herbert, explain why.
The millions of investors betting on bitcoin, including big guns such as Paul Tudor Jones and BlackRock, don’t have to fear their investment being extinguished by financialization, unlike the gold and bond “vigilantes,” Max said in the latest episode of the show. That’s why their investment is increasing in value, he believes.

“I predict that, very soon, you’ll start to see headlines in Bloomberg, the New York Times, the Wall Street Journal that say, ‘US dollar is down today because of bitcoin going up,’” he said, as he explained why the power of central banks is waning. “Once that connection is made... you’re gonna see a crack up in the bitcoin price and the total collapse in the dollar price.”
Precious-metals analyst Craig Hemke joined the show and predicted that the greenback, which finished 2020 in decline against major currencies, would drop further this year. According to his forecast, it could “easily fall another 10 percent” in 2021. That might boost a rally in silver and other commodities in turn, he added.

US dollar demise is possible, but I doubt it will be due to bitcoin.
To my opinion all by itself US will cause demise of US dollar.

As to bitcoin, I doubt it will ever become ruling currency because it will not be allowed by powers that be to rise to the level of strong currency.
It will continue to remain for very long time as small novelty option good only for limited and covert transactions.
 
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