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Topic: Petro-dollar era is officially over as Gazprom begins sales in Yuan and Rouble (Read 1238 times)

legendary
Activity: 1582
Merit: 1064
Iran has been selling oil in currencies other than USD for years now. It hasn't really had an impact.
newbie
Activity: 42
Merit: 0
It means BTC goes higher. USD is lossing credibility daily.
legendary
Activity: 1067
Merit: 1000
I just read this article:
http://www.examiner.com/article/petro-dollar-era-is-officially-over-as-gazprom-begins-sales-yuan-and-rouble

I know it isn't "officially over", but what does this mean for bitcoin?

I haven't the slightest idea Smiley
discuss

This will only improve the fundamental of RMB and not bitcoin.

You can argue a weaken USD means higher btc/USD pair, but won't buying and holding RMB benefit more?
legendary
Activity: 1260
Merit: 1000
World Class Cryptonaire
Better buy assets and Bitcoin to keep your wealth unscathed by the incoming inflation over the next 10 years as the USD becomes less and less of the worlds reverse currency. BRICS incoming.
hero member
Activity: 1106
Merit: 500
Life is short, practice empathy in your life
Expect Gazprom's share price to get raped by Wall Street.
newbie
Activity: 12
Merit: 0
I just read this article:
http://www.examiner.com/article/petro-dollar-era-is-officially-over-as-gazprom-begins-sales-yuan-and-rouble

I know it isn't "officially over", but what does this mean for bitcoin?

I haven't the slightest idea Smiley
discuss
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