Saudi Arabia Pushing USD to the Brink is Good for Bitcoin, Here’s Why4.4

The bitcoin price must have woken the world with its giant bullish movements. But a more optimistic case for the cryptocurrency is building up outside its realm.

Saudi Arabia threatened to conduct its oil trades in currencies other than the US dollar if Washington passes the NOPEC bill. According to Reuters’ sources, Riyadh was annoyed with its Washington counterparts over NOPEC, a bill that will expose OPEC nations to be sued under US antitrust law. The sources said that the Saudi energy officials were discussing the matter internally and a proposal to dump Petrodollar was on the table.

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