- Coinbase Ad Mocks Fiat: Animated Lincoln on a penny questions its value.
- Putin’s Accusation: Biden accused of killing USD, turning it into a weapon.
- BTC Holds Strong: Amidst fiat concerns, Bitcoin maintains position above $50K.
- Dollar’s Diminishing Power: Coinbase highlights the decreasing value and outdated nature of the US dollar.
Coinbase’s Satirical Jab at Fiat:
In a bold move, Coinbase released an advertisement challenging the significance of fiat currencies. Using an animated Abraham Lincoln on a penny, the ad sarcastically points out the diminishing value of physical money and its frequent disposal, despite being technically currency.
Putin’s Dollar Demise Warning:
Recent comments by Russian President Vladimir Putin accuse President Joe Biden of transforming the US dollar into a geopolitical weapon. As the dollar’s global influence wanes, even US allies are reducing their dollar reserves. This geopolitical shift raises concerns about the stability of traditional currencies.