Post
Topic
Board Speculation
Re: Russia to Drop USD as reserve currency - could mean 5000+ USD bitcoins
by
leopard2
on 27/03/2014, 22:45:29 UTC
It wont matter, they can drop what ever they want, sanctions will screw them.

I am not so sure. Let's see:

1. Russia - main export goods natgas, oil, palladium and so on - all things with intrinsic value. Harder to sell under US sanctions, but the market is there. Can be happily sold for other currencies or BTC.

2. USA - main export good is USD. No intrinsic value. Only accepted because other countries view it as THE currency. Can be replaced by any other form of numbers in computers.

Who is more vulnerable ... (both have nukes)?