
Napoleon said that the true strength of the nations lies in their geography. Thus, the control of resources, acted as a loaded weapon in international relations.
Another resource, not natural but human, is the currency. Through it, trade relations are carried out, exchanges of products that move the world and the economy. The nations have established their own currencies, which they try to defend against the cyclical swings of the economic world.
What currency reigns in our world? The dollar.The American currency.This reality, gives the US supreme power in world trade, because 87% of transactions use their national currency and also 60% of foreign exchange reserves .
The US dominates the world.
However, those who govern must face their own power. To the US, it goes hand in hand from time to time, and they use their power imprudently and arrogantly. This is how the enemies grow throughout the world. Within these, we could include China or Russia, strong nations in the international scene ... but incapacitated for a close combat against the American giant. However, despite this inferiority, if they are prepared to exercise a patient work of Zapa that ends up undermining Yankee domination.
And there they are.
China and Russia accumulate gold without pause, preparing for the next crisis. An economic recession, but also monetary, where the unsustainable levels of Western debt and very low interest rates, the economy can rise to the edge of the precipice. threat, Russians and Chinese have chosen to take all possible gold, making use of metallic money to strengthen their currency.
If the current monetary system collapses, it is possible that these nations encouraged a return to the gold standard. In this way, their debts would be backed by the precious mineral, becoming the leaders of the new monetary order.
Thus seen things, it would seem that the fight is between the dollar and gold. We have, on the one hand, the US playing desperately, imposing tariffs right and left and showing an arrogance that threatens to bury its dominion. On the other hand , a group of nations confronting Yankee hegemony struggle to get rid of the dollar, imposing new standards in global commerce. In this group, we would find nations as diverse as China, Russia, Iran or Venezuela.
But there is still a player on the board. And he can bet on moving the Bitcoin chip.
Recently, the government of Belarus has announced its interest in using nuclear energy to mine Bitcoins.Hala.We already have a nation that is committed to the cryptocurrency. Why this movement? We'll see:
In today's world, we have so far distinguished two blocs: on the one hand, the US and allies, interested in maintaining the hegemony of the almighty dollar. For the other, China, Russia and the rebellious but influential guys, maybe interested in raising to gold as a new standard. However, a third group of nations enters the fight, formed by those also harmed by the dollar and with a poor gold reserves.
So here is a match.
Belarus open the marker, forming part of this third group of nations. His intention to mine Bitcoins for the coffers of the state, could be imitated by other countries harmed by the current trading system, and without much hope in the return of gold. therefore, there could be a domino effect that would take Bitcoin to the strategic reserves of the states.
If China and Russia were interested in reinstating the gold standard, the birth and emergence of a Bitcoin pattern is possible. The mining of the cryptocurrency by the states would result in the hash increase by the network, as well as the competition between states to take control of mining. This situation, as is obvious, would inevitably lead to a vertical rise in the price of Bitcoin.
The cryptocurrency has come to stay, and apart from the medium of exchange, is consolidated as a reserve of value and strategic resource. We will see what the future holds, although the prospects seem more than flattering.
Great post ! I have a master in international affairs but very new, yet eager to learn, to the wolrd of cryptocurrency, so I am interested in anything you'll do on these two topics!
Thank you very much for your comment. I encourage you to learn about this fantastic world that is Bitcoin