Ep. 474 - World Economy Breakdown, With Lex Sokolin of ConsenSys
CRYPTO 101
00:00
Do You Think De-Dollarization Is a Threat to the World?
At the end of 2021, 85% roughly of world trade was denominated in and facilitated in the dollar. That's pretty crazy to consider because whenever a market move happens in the dollar, it does ripple out and touch every other economy whether you wanted or not. I think that the BRICS, Brazil, Russia, India, China, South Africa, they're trying to de-dollarize the world because they see this. It's hard to draw direct lines because there's so many different dependencies, but it's a very odd time.
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