US Dollar Dominance Will Die From Super Hyper Bitcoinization, Says El Salvador Advisor

The super hyper Bitcoinization is an emerging strategy to combat the superhyper inflation, according to the advisor.
 
The El Salvador President’s senior advisor Max Keiser claimed the nation’s Bitcoin strategy is made to be replicated and adopted in other nations. According to him, it will be difficult for individuals who do not invest in the Bitcoin market to survive for the next two to three generations.

El Salvador, a nation in Central America, will be remembered as the first nation to use cryptocurrencies as legal tender in the history of the cryptocurrency market.

A panel discussion at the Bitcoin Conference 2023 was where Keiser made the remarks. In order to combat super hyper inflation, he predicted that central bank failures across the globe would cause a super hyper Bitcoinization.

Final Chapter for Central Banks
The advisor stated that the moment has arrived for Bitcoin to replace traditional central banks. He claimed that there are different levels of urgency for Bitcoin adoption globally.

With the fall of the central bank in nations like Lebanon, there has been a sense of urgency. He said those who had Bitcoin in Lebanon survived.

“The urgency in the United States will also alter with the transformation in the U.S. dollar’s status as the world reserve currency,” he continued, noting that the same urgency has been manifesting itself globally.

According to the El Salvadoran advisor, the number of nations joining the BRICS group is significantly faster than the number of members joining the NATO group, which indicates a change in geopolitical dynamics.

The BRICS alliance is capable of starting a Dollar rivalry that may rule the global financial market, according to an article by CoinGape.