The United States has a lot of BTC? Do you know the country has a lot of BTC because some of the confiscations they've done means it's not like the US will fully support it, it's not sure a country converting currency to BTC or the crypto you're referring to.
Remember the US Dollar is still very strong and is spread all over the world it will not collapse.
Not sure crypto will be more than oil as you assume, still the source of income is from oil this will not change anything to crypto.
Topic: USA lose oil but will replace with btc and crypto - page 2. (Read 176 times)
I am not sure if it will be good for the USD because oil is an energy source while btc is a payment system.
USD? Or you mean to say USA? But, both BTC and Oil are two different things. We can still live peacefully even without a BTC because there are still other payment methods out there but not without Oil because it is an essential part of our lives. It is said that Arab Emirates is the one who is moving away and it's also said that USA still has their own source of Oil. I believe other countries has their own Oil too in which US can partner with, so I don't really see this as a big issue. The Arabs see the dollar is getting weakened and they don’t to move away from it, that’s a natural reaction. The other countries should follow the same course.
It seems you also hate US, eh? IDK what they did but I think we can also benefit with them or on their own currency. Like for example me, I can convert foreign currencies like crypto at a much higher rate when the dollar is also in a high rate. But ATM, I don't see or think that the dollar is getting weaker. Maybe some only thinks or wish it was. 
The US does have its own oil reserves and production. But it also has a long-term relationship with Saudi Arabia going decades into the past. The US needs some partnerships not so much for their economy but for political influence. Still, there is no need and no indication that the US will widely adopt Bitcoin and make it a proper part of their national economy.
Oil is also known as black gold and it is even more important than gold or any other resource in the world so I don't believe America will stop paying attention to it. As mindrust said, the demand for oil is huge, it can be said that the whole world needs it, while many people today still do not need to know bitcoin but can still be rich and have a normal life.
Think about what the world would be like without oil, while the world would be fine if bitcoin disappeared. This is a lame comparison because the roles of oil and bitcoin in our world are completely different.
Think about what the world would be like without oil, while the world would be fine if bitcoin disappeared. This is a lame comparison because the roles of oil and bitcoin in our world are completely different.
Unfortunately he the opener does not provide sources.
I don't believe it and moreso the Saudis are not the only source of oil.
Venezuela is much closer by, has an election coming up plus should the Iran-Israeli-middle east mess blows up the US is not unknown for taking in need what they need. Guyana oild field is also quite big but too far into the future.
The Saudis need those $ to buy weapons, medicine and what else they don't produce, Dom Perignon?
I don't believe it and moreso the Saudis are not the only source of oil.
Venezuela is much closer by, has an election coming up plus should the Iran-Israeli-middle east mess blows up the US is not unknown for taking in need what they need. Guyana oild field is also quite big but too far into the future.
The Saudis need those $ to buy weapons, medicine and what else they don't produce, Dom Perignon?
I am not sure if it will be good for the USD because oil is an energy source while btc is a payment system. Btc is definitely a revolution but let’s don’t make it bigger than it is. To me, oil is a far superior asset compared to btc. The whole world needs oil for transportation but we can’t say the whole world needs bitcoin.
The Arabs see the dollar is getting weakened and they want to move away from it, that’s a natural reaction. The other countries should follow the same course.
The Arabs see the dollar is getting weakened and they want to move away from it, that’s a natural reaction. The other countries should follow the same course.
Arabs emirates moving away from usd.
Well USA don't care Because they have btc and crypto.
And USA got their own crude oil too.
So USA now will make the petro dollar to crypto dollar we see that USA will be main seller of crypto you need crypto you buy it from USA it Will be bigger than oil
Well USA don't care Because they have btc and crypto.
And USA got their own crude oil too.
So USA now will make the petro dollar to crypto dollar we see that USA will be main seller of crypto you need crypto you buy it from USA it Will be bigger than oil
nice you really are seeing things that are coming in the future. don't know what to say, TH you on? i'd like some of that.
it has to be a product. crypto is not a product that will be useful to anyone as every country has its currency, why would other countries buy crypto?
petro is necessary for energy, it's still what we use for our engines. to dominate, the country has to have control over crypto or BTC to enforce PetroBTC or PetroCrypto.
Referring to what has been on my mind about the Petro dollar that the US uses from Oil obtained from Arab countries, and I thought that maybe one day the Arabs would no longer cooperate with the US, there were some tensions and there were diplomatic relations that were not good some time ago, I thought maybe the dollar would no longer get value because they commoditized it as an underlaying, how could the US defend themselves? I'm thinking on crypto which is crowded and we know not a few of the Americans are advancing in the crypto field as the best economic growth, and some big people there who say Bitcoin Scam and others related to it are said to be scams instead turn to support bitcoin and crypto, this seems to have been prepared if you look from here.
Or maybe the US realize that they will not last long with how the petro dollar works they have to replace it with something new and become the world's attention, therefore the Trump campaign supports the bitcoin community?
Or maybe the US realize that they will not last long with how the petro dollar works they have to replace it with something new and become the world's attention, therefore the Trump campaign supports the bitcoin community?
Arabs emirates moving away from usd.
Well USA don't care Because they have btc and crypto.
And USA got their own crude oil too.
So USA now will make the petro dollar to crypto dollar we see that USA will be main seller of crypto you need crypto you buy it from USA it Will be bigger than oil
Well USA don't care Because they have btc and crypto.
And USA got their own crude oil too.
So USA now will make the petro dollar to crypto dollar we see that USA will be main seller of crypto you need crypto you buy it from USA it Will be bigger than oil
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