Dollar Loses to Digital Currencies in 2023, Former Russian President Medvedev Says

Digital fiat currencies volition dispersed adjacent twelvemonth portion the U.S. dollar volition beryllium losing its presumption of planetary reserve currency, according to Russia’s erstwhile caput of state. In a drawstring of tweets, Dmitry Medvedev gave his 2 cents connected what the aboriginal holds for the world, a “humble contribution,” arsenic helium enactment it, to the “wildest predictions” up of New Year’s Eve.

Medvedev Sees World Bank Crashing, Musk successful the White House and Expensive Oil

The Bretton Woods monetary strategy volition illness adjacent twelvemonth causing the International Monetary Fund and the World Bank to crash, according to the antheral who was astatine the helm of Russia for 4 years betwixt 2 of Vladimir Putin’s statesmanlike terms.

“Euro and dollar volition halt circulating arsenic the planetary reserve currencies. Digital fiat currencies volition beryllium actively utilized instead” portion “all the largest banal markets and fiscal enactment volition permission the U.S. and Europe and determination to Asia,” Dmitry Medvedev stated connected societal media.

Through a bid of posts successful a humorous code this week, helium gave his thoughts connected what could hap successful 2023. “On the New Year’s Eve, everybody’s into making predictions. Many travel up with futuristic hypotheses, arsenic if competing to azygous retired the wildest, and adjacent the astir absurd ones. Here’s our humble contribution,” the person of the ruling United Russia enactment tweeted connected Monday.

Medvedev went connected to forecast that oil prices volition scope $150 a tube and earthy state volition apical $5,000. He besides expects the EU to illness aft the United Kingdom rejoins the bloc, and the euro to autumn retired of use. In a divided Europe, France and Germany volition clash portion Hungary and Poland volition inhabit parts of Western Ukraine, helium added.

The Russian authorities official, present serving arsenic Deputy Chairman of the country’s Security Council, sees California arsenic an autarkic authorities and Texas leaving the U.S. to signifier an confederation with Mexico. “Elon Musk’ll triumph the statesmanlike predetermination successful a fig of states which, aft the caller Civil War’s end, volition person been fixed to the GOP,” helium wrote.

Dmitry Medvedev, who was besides Russia’s premier curate betwixt 2012 and 2020, and is regarded arsenic a much wide person than Putin, has been rather progressive connected societal media since Moscow attacked Ukraine successful precocious February. The subject penetration was met with waves of Western sanctions. Days aft the warfare started, helium posted that Russia whitethorn “nationalize” overseas assets successful effect to the penalties.

Throughout the outgoing year, Russian authorities person been moving to grow the ineligible model for integer assets and modulate cryptocurrencies, successful peculiar their usage for cross-border settlements amid fiscal restrictions. While the Bank of Russia, which is processing its ain digital ruble, proposed a broad prohibition connected crypto transactions successful the country, Medvedev told Russian media successful January that a prohibition could person the other effect.

Do you deliberation immoderate of Dmitry Medvedev’s predictions for 2023 could travel true? Tell america successful the comments conception below.

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