Andrei Jikh Reveals Why the World Is Rejecting Stablecoins as the Next Global Currency

In a world hurtling towards a digital future, the idea of a cryptocurrency replacing the US dollar as the global standard has been a hot topic of debate. But according to crypto expert Andrei Jikh, the world is sending a clear message: not so fast. In a recent video, Jikh breaks down why countries are rejecting stablecoins and instead, are hoarding gold at an unprecedented rate.

"The rest of the world wants no part in any of this," Jikh states bluntly. "And we know it doesn't because of how much gold the world has been buying. That's what's happening to gold right now." The reason for this mass exodus from the dollar and the skepticism towards stablecoins, according to Jikh, is a matter of trust.

"Even though stable coins are supposed to be backed one to one by real US assets like dollars or treasuries, in theory, every single stable coin in circulation should have a real dollar or bond equivalent sitting right behind it," he explains. "The problem is there's no way for a person or a foreign government to audit that claim with 100% certainty."

This lack of transparency is a major red flag for countries that are looking for a stable and reliable alternative to the US dollar. Without a foolproof way to verify the reserves backing these stablecoins, the risk of a catastrophic collapse is simply too high. It's a classic case of "trust, but verify," and in the world of high finance, verification is everything.

This is why gold, the "greed upon standard for thousands of years," is making a major comeback. "Countries are like, 'We don't want your stable coins. Give us gold,'" Jikh says. Gold is a tangible asset with a long history of holding its value, and it's not subject to the same kind of digital risks as cryptocurrencies. In a world of uncertainty, gold is seen as a safe haven, a reliable store of value that can weather any storm.

The implications of this trend are massive. It's a clear sign that the world is losing faith in the US dollar as the sole global reserve currency, but it's also a vote of no confidence in the current state of the cryptocurrency market. For stablecoins to ever have a chance of replacing the dollar, they will need to address the issue of transparency and create a system that is 100% auditable and trustworthy.

Until then, it seems that the world will continue to put its faith in the tried and true: gold. The shiny yellow metal has been a symbol of wealth and power for millennia, and it's not going away anytime soon. As for the future of money, it's still anyone's guess. But one thing is for sure: the battle for global currency supremacy is just getting started.

What do you think? Are stablecoins the future of money, or is gold the only real alternative to the US dollar? Let us know your thoughts in the comments below.

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