Former President of Russia Predicts a Bullish Future for Crypto

Dmitry Medvedev, a former President of Russia, shared some of the predictions for the upcoming year. He believes the International Monetary Fund (IMF) and the World Bank will collapse in 2023 leading to increased adoption of crypto. 

He stated that the collapse of the IMF and the World Bank may weaken the euro and the dollar while increasing the use of cryptocurrencies. He also predicted that central bank-issued digital fiat currency will be utilized more frequently.

The former President of Russia believes that the Bretton Woods system would fail, leading to the demise of major financial institutions such as the IMF and the World Bank. As a result, the euro and the dollar may lose their supremacy as global reserve currencies, sparking widespread cryptocurrency adoption.

One of his tweets reads: 

“The Bretton Woods system of monetary management will collapse, leading to the IMF and World Bank crash. Euro and Dollar will stop circulating as the global reserve currencies. Digital fiat currencies will be actively used instead.” 

Medvedev’s list of forecasts included the United Kingdom rejoining the European Union (EU), the emergence of the “Fourth Reich,” and a conflict between France and the “Fourth Reich.” 

Medvedev, the deputy chairman of the Security Council of Russia, also predicted that all major financial markets and economic activity would shift from the U.S. and Europe to Asia.

Furthermore, he believes that a civil war could erupt in the United States, after which Texas and Mexico could form an allied state. Elon Musk might win the election for president in several states following the conclusion of the battle, he asserts. 

However, assumptions were quickly refuted by Tesla’s CEO, who declared that these are “definitely the most absurd predictions” he has ever heard.

Justin Sun Supports the Predictions of ex-President of Russia

Tron founder Justin Sun underlined the politician’s theory, stating that cryptocurrency has the capacity to “revolutionize the global reserve currency.” In a subsequent tweet, he stated that crypto use is increasing in his nation, Chins.

He stated that China’s emergence after the COVID-19 wave, and the strength of the economy, are promising signals for the country’s monetary system’s future.

Dmitry Medvedev backed a proposal back in October 2019 for new cryptocurrency legislation in Russia that would classify cryptocurrencies into three distinct legal categories.

The post Former President of Russia Predicts a Bullish Future for Crypto appeared first on Blockchain, Crypto and Stock News.