China’s decoupling from the Dollar. Are we on the brink of using the yuan as the new global currency, or will crypto take the spotlight?
We’ve explored crypto’s role in disrupting the global monetary order before, but there’s another force that’s going to have just as much of an impact…some would say much more. China!
What does it look like when the world’s 2nd largest economy dedollarizes? That’s what we explore on today’s episode with China expert and economist Diana Choyleva. Towards the end, Diana also reveals her eye-opening prediction about a potential US-China conflict over Taiwan.
------
📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
------
BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2
🦄UNISWAP | BROWSER EXTENSION
https://bankless.cc/uniswap
⚡️ FUEL | EARN FUEL POINTS
https://bankless.cc/fuel
🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle
⚖️ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum
🗣️TOKU | CRYPTO EMPLOYMENT
https://bankless.cc/toku
------
✨ Mint the episode on Zora ✨
https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/41
------
TIMESTAMPS
0:00 Intro
7:17 Is China Really De-Dollarizing?
10:16 Is De-Dollarizing A Priority?
14:14 China’s Objective & Progress?
16:04 Yuan as Unit Of Payment Or Store Of Value?
22:27 Usage and Progress From 2009?
25:34 US VS China Capital Market Difference
29:32 Motives Behind De-Dollarizing?
35:32 China’s Wants VS Actual Scenario
40:25 What Distant Future Looks Like?
47:41 China’s CBDC Plan, Issues & Expansion
55:13 China Participating In Crypto World?
57:50 China Using Treasury As Store of Value?
1:04:26 The Taiwan Conflict?
1:05:51 What If China Is Successful?
1:09:37 Closing and Disclosures
------
RESOURCES
Diana Choyleva
https://x.com/choyleva
------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures