Iran President: We Need a Muslim Cryptocurrency to Fight the US Dollar
Iranian President Hassan Rouhani says the Muslim world needs its own cryptocurrency to fight American economic domination in international trade and cut reliance on the dollar.
US Dollar
A continued decline in the U.S. dollar and rising inflation expectations support bitcoin's long-term bullish case as a hedge asset.
Bitcoin faced selling pressure in September as the U.S. dollar rose against major currencies for the first time in six months.
Bitcoin's crash Monday came alongside a bounce in the Dollar Index.
US Cash in Circulation Sees Biggest Increase Since the Y2K Bug Panic, Fed Data Indicates
Mar 30, 2020
U.S. currency in circulation has experienced its largest increase in over 20 years.
U.S. policymakers are worried CBDCs and crypto will harm the dollar's reserve status. But maybe they have it backwards, writes CoinDesk columnist Nic Carter.
