TechFlow news, on December 3, according to Jinshi Data, Saxo Bank strategist John Hardy said that if the trade tariffs proposed by U.S. President-elect Trump prompt other countries to seek alternatives to the dollar, the cryptocurrency market and gold could benefit. Tariffs would have a devastating impact on global trade by cutting off the required supply of dollars. BRICS nations might conduct transactions using digital currencies backed by gold, among other methods. Cryptocurrency stablecoins pegged to gold could also be used. The crypto market could quadruple to over $10 trillion, while the dollar could depreciate 20% against major currencies and 30% relative to gold.
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