Other Voices

China’s Yuan Is Globalizing. But Only Washington Can Dethrone the Dollar.

by
China’s Yuan Is Globalizing. But Only Washington Can Dethrone the Dollar.

About the author: Marc Chandler is chief market strategist for Bannockburn Global Forex, a division of First Financial Bank. The financial shocks that keep hitting the dollar haven’t shaken its role in the world economy. The reasons matter. The dollar may not be eternal. But it won’t be China that knocks it down. The confiscation … Read more

Will Bitcoin Replace the Dollar as a Means of Exchange?

by
Will Bitcoin Replace the Dollar as a Means of Exchange?

Elon Musk, no stranger to controversy, raised eyebrows when he said that his company bought $1.5 billion of Bitcoin. Shortly afterward, he confirmed that people can buy Tesla cars with Bitcoin. A payment system to make exchanges like this possible is springing up. Between credit card companies, banks, and hybrids like PayPal , room is … Read more