Wish that all guys did not affect by the recent sharp fall in crypto.
When El Salvador started to use BTC, the USA saw this as a threat to the dollar hegemony in international trade. Like the "clear & present danger" in the US constitution. The U.S is intimidating to prevent other states from doing the same. Judging by the volume, it's not like only small investor sales. Have some institutions been told to get out of the crypto? too early to know this at the moment.
El Salvador itself is irrelevant. The important thing is that BTC, which is a threat to the dollar, opens its way. I see it as an effort to stop other countries using BTC, like El Salvador, with the doctrine of preventive action called " pre-emptive strike ".
If other countries take an example and start using BTC etc. in the trade between them, the USD will not have a reserve money status except the united states. Then how will the USA, which always has a budget deficit, pay its federal salaries and armament expenditures in non-asset-supported USD? The result can be rising inflation, and the only thing that will out of track America is the deterioration of the welfare of its citizens.
Monetary war is the keystone for the U.S foreign supremacy policy.
here is my tweet link from January 2016.
https://twitter.com/tangoalfamike/status/688093922216783874?s=09
The policy of the United States is push & pull. both forces and supports through different channels. It prepares its own in both scenarios and creates evidence showing that it supports the scenario that takes place in the future. You can see this in relations with your country or other states. Current example; The U.S both concentrate warships of the USA, England, and Australia for the Chinese shores, and then same time talks about the importance of trade with the Chinese. In the past, the Chinese dominated mining. In case of possible US sanctions, it was a backup, such as the option to purchase oil etc. without using dollars. As China's relations in Africa and the Middle East strengthened, it stopped BTC mining and started to promote its own CBDC. Years after Mike Hearn's letter in which he said that China controls btc, mining and corporate purchases started in the USA since last year.
