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 might 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 comment.” He also insisted that “the best is yet to come” and that cryptocurrency adoption is gradually increasing in China.
Medvedev’s Cryptocurrency Prediction
The approaching end of 2022 provided a number of well-known people and political leaders with an opportunity to share 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, could 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 the widespread adoption of cryptocurrencies.
The politician’s argument was highlighted by Justin Sun of Tron, who also said that cryptocurrency has the potential to “revolutionize the global reserve currency.”
The Chinese opined in a subsequent tweet that the adoption 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 signs for the future of the nation’s monetary system.
The Endless List
The bizarre 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 also claimed that Asia may overtake the United States of America and Europe as the region with the largest stock markets and most significant economic activity.
He also thinks that if there is a civil war in the US, Texas and Mexico might unite to form an allied state. Elon Musk could win the presidential election in many states following the end of the military conflict, he concluded.
The CEO of Tesla immediately responded to the predictions, calling them “defiantly the most absurd predictions” he has ever heard. Moreover, he claimed that Medvedev was totally ignorant of the development of artificial intelligence and clean energy.
Pingback: Ex-Russian President Foresees Monetary Collapse, Global Shift to Cryptocurrency - Coin-News24.com