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Bitcoin Forum > Economy > Economics > Petro-dollar era is officially over as Gazprom begins sales in Yuan and Rouble
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glender (OP)
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August 28, 2014, 07:56:26 AM
 #1
I just read this article:
http://www.examiner.com/article/petro-dollar-era-is-officially-over-as-gazprom-begins-sales-yuan-and-rouble

I know it isn't "officially over", but what does this mean for bitcoin?

I haven't the slightest idea Smiley
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August 28, 2014, 08:52:06 AM
 #2
Expect Gazprom's share price to get raped by Wall Street.

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August 28, 2014, 09:06:05 AM
 #3
Better buy assets and Bitcoin to keep your wealth unscathed by the incoming inflation over the next 10 years as the USD becomes less and less of the worlds reverse currency. BRICS incoming.
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arbitrage001
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August 28, 2014, 06:35:00 PM
 #4
Quote from: glender on August 28, 2014, 07:56:26 AM
I just read this article:
http://www.examiner.com/article/petro-dollar-era-is-officially-over-as-gazprom-begins-sales-yuan-and-rouble

I know it isn't "officially over", but what does this mean for bitcoin?

I haven't the slightest idea Smiley
discuss

This will only improve the fundamental of RMB and not bitcoin.

You can argue a weaken USD means higher btc/USD pair, but won't buying and holding RMB benefit more?
Damnyo
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August 29, 2014, 02:40:23 PM
 #5
It means BTC goes higher. USD is lossing credibility daily.
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August 29, 2014, 04:21:45 PM
 #6
Iran has been selling oil in currencies other than USD for years now. It hasn't really had an impact.
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