Former Russian President: A Financial Collapse and a Global Switch to Crypto
According to Dmitry Medvedev, crypto will gain popularity while the US currency and the euro will lose momentum.
The International Monetary Fund (IMF) and the World Bank may collapse in 2023, according to Dmitry Medvedev, a Russian politician who presided over the nation from 2008 to 2012. He proposed that such a scenario may weaken the influence of the euro and the dollar while increasing the use of cryptocurrencies.
Justin Sun, the creator of Tron, agreed with Medvedev’s “insightful statement.” He also insisted that “the best is yet to come” and that cryptocurrency use is progressively increasing in China.
Medvedev’s Bitcoin Prognosis
The nearing end of 2022 provided a number of well-known people and political leaders with a chance to express their predictions for the upcoming year. The most recent was Dmitry Medvedev, a former Russian president and prime minister of the largest country in terms of land mass.
He thinks that the Bretton Woods system, a global monetary accord that regulated currency exchange rates, might disintegrate and lead to the demise of important financial organizations like the IMF and the World Bank. As a result, the euro and the dollar, two of the most popular fiat currencies in the world, may no longer be the dominant global reserve currencies, leading to a widespread adoption of cryptocurrencies.
The politician’s argument was underlined by Justin Sun of Tron, who also said that cryptocurrency had the capacity to “revolutionize the global reserve currency.”
The Chinese remarked in a subsequent tweet that use of cryptocurrencies is increasing in his country, and that the reopening of borders following the COVID-19 wave and the strength of the economy are encouraging signals for the future of the nation’s monetary system.
The List is endless
The odd potential outcomes on Medvedev’s list of predictions included the UK rejoining the EU, the creation of the “Fourth Reich,” and a subsequent conflict between France and the “Fourth Reich.”
The 57-year-old politician further claimed that Asia may overtake the United States of America and Europe as the region with the largest stock markets and most significant economic activities.
He also thinks that if there is a civil war in the US, Texas and Mexico would combine to form an ally state. Elon Musk might win the presidential election in several states following the end of the armed battle, he determined.
The CEO of Tesla immediately responded to the projections, calling them “defiantly the most ludicrous predictions” he has ever heard. Moreover, he said that Medvedev was totally ignorant about the development of artificial intelligence and clean energy.