Our ostensible ally the United Arab Emirates is now using cryptocurrency to complete their energy transactions with China. Just a matter of time before the dollar goes bust.
UAE Completes First Cross-Border Digital Dirham CDBC Payment Worth $13.6M to China
https://finance.yahoo.com/news/uae-completes-first-cross-border-121427265.html
That is hard to believe.
Over the last month, Bitcoin has been fluctuating close to 10% each week. Over the last year, close to 5% each week.
Trying to hedge a spread like that would be very expensive, and, your option coverage might still become completely illiquid.
In the meantime, the US Dollar continues to trade around $103 (par is $100) against a basket of foreign currencies.
Crazy - but still true.