📉 If the US dollar collapses, what happens next? 👀

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GM everyone. This is 2036, the crypto newsletter that pays you 💸

A LOT is happening internationally that most people aren’t paying attention to.

China is making some aggressive moves to use the yuan for trade.

The ASEAN countries and the BRICS are ditching the dollar in favor of their own currencies.

Even Saudi Arabia has joined the party.

At the same time, the US could print up to $18 TRILLION at home to save its banking system, which saw bank deposits drop the most since 1948.

But if the US dollar stops being numero uno, what happens next? And how does this affect crypto?

That’s what we’ll show you today.

So let’s get straight into it.

🤌 Our Top Picks

Stories to read if you’ve only got 1 minute

1/ China & Malaysia discuss Asian fund to cut US dollar dependency

2/ India and Malaysia ditch US dollar for trade in favor of the rupee

3/ J.P Morgan thinks the banking crisis isn’t over

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Get smarter on crypto in 2 minutes

Unless you’re new to 2036, you’ve probably heard of Ray Dalio before.

Ray is the founder and former manager of the world’s largest hedge fund, Bridgewater Associates. They manage money for sovereign wealth and pension funds a.k.a the big guys.

He is a multi-billionaire and the author of a series of fantastic books and Youtube videos you can find here, here, and here.

The man’s also got 2M followers on TikTok. You go, Ray.

Now, Ray’s a pretty smart guy.

And over the last couple of years, Ray has gotten A LOT of hate for pointing out a simple historical fact: empires rise and fall.

That’s because ALL empires throughout history follow the same path:

The US is the biggest superpower in the world today.

But the US is in decline relative to its competitors - notably China.

One of the benefits of being the world’s greatest power is that you also get to issue the world reserve currency.

Today, over 70% of all international trade and is conducted in US Dollars.

But that’s changing.

In the last few years, China has shifted from international capitalism to national socialism. And it’s aggressively pushing the Yuan for trade.

Just last week, China made deals with Malaysia, Russia, Iran, Saudi Arabia, France, and several others to ditch the dollar and trade in Yuan.

And many of these nations have also cut back on their purchases of US government bonds which finance American spending.

That’s a much bigger deal than most people are willing to admit.

So is the yuan on track to become the next reserve currency?

If the US continues to spend money like a drunken sailor, it’s possible.

But we hope not.

The yuan is a currency of surveillance. In fact, a digital yuan would have controls in place most Westerners can’t even dream of.

But there’s an alternative to the yuan and total Chinese control.

Bitcoin.

The world used to run on gold.

There’s a chance it could once again run on digital gold.

El Salvador and the Central African Republic already use Bitcoin as legal tenders. Paraguay, Panama and Brazil are in talks to do the same.

All it would take is a leading power like India to buy some as a hedge in order for dozens of central banks to follow suit.

Bitcoin is the free resistance against yuan control.

400M+ people worldwide already hold cryptocurrency. All that’s required is a mobile phone and an Internet connection.

And while 4% of all US bank deposits were withdrawn in March, bitcoin:

• settled $650 billion in 9 million transactions

• issued 26,000 bitcoin at the predictable inflation rate of 1.8%

• attracted 13 million new users

• paid miners $700 million to secure the network

In short, it didn’t skip a beat.

We want to see BTC - not RMB, as the next world reserve currency.

And that’s why we’ll pay you to open a bitcoin wallet today.

💎 We wrote a report on the top buys, sells and holdings of crypto wallets worth between $1.5 and $32 million. Refer 1 friend using this link and we’ll send over the report.

📝 Task

Earn $50 in BTC for opening a bitcoin wallet

Today’s task is simple: open a bitcoin wallet and send us your address to enter a raffle to win $50 in BTC (bitcoin).

And if you already have a wallet, you can submit that too.

If you’re looking for wallet recommendations, here are the best options out there:

• For offline security backup: Ledger combined with Cryptotag 

• For simplicity and security: Coinbase

• For desktop: Electrum

• For Android: Samourai

• For iPhone: Blockstream Green

• For a web wallet: BitGo

• For privacy nerds: Joinmarket 

• For security nerds: Casa

Just like last Friday, we’ll tally all the participants in a google sheet and mathematically choose a winner at random who’ll receive $50 in BTC.

For transparency, the sheet will be viewable by all and sent out to you in Friday’s email.

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Send this email to 1 friend and receive the top buys, sells and holdings of crypto wallets worth between $1.5 and $32 million. Use this link