The United State's President Donald Trump is known for his Twitter rants where he has threatened several nations over war and financial trade sanctions quite casually. Recently, it was Turkey's turn where he threatened to “destroy and obliterate” its economy.
As I have stated strongly before, and just to reiterate, if Turkey does anything that I, in my great and unmatched wisdom, consider to be off limits, I will totally destroy and obliterate the Economy of Turkey (I’ve done before!). They must, with Europe and others, watch over…
— Donald J. Trump (@realDonaldTrump) October 7, 2019
The US President is well-known for his attitude towards diplomacy and has given similar threats to Iran as well.
The US Dollar is the ultimate global currency for trade which makes trade sanctions a very lethal weapon for crumbling country's economies. However, with the emergence of Bitcoin as a decentralized and non-mutable digital currency, more and more nations are turning towards the digital asset to survive such harsh trade sanctions.
Venezuela was among the first crippling economy brought upon them by hyperinflation and trade sanction to turn towards Bitcoin for survival. Iran after being threatened by the US decided to invest in cryptocurrencies and regulate them to bypass those sanctions. Turkey as well might join the Bitcoin league to avoid such harsh sanctions.
The Centralized Financial System was Always due for Such Nuisances
The centralized financial system is the sole cause of such economic sanctions and bullying, where the US dollar having a monopoly in the international trade market is using it to destroy the less powerful and those who refuse to dance to their beats.
Bitcoin was not born out of the blue, but, because of the 2008 financial mess that was brought upon us. Satoshi Nakamoto wrote the Bitcoin white paper right after the major financial crisis in 2008 and looking at the present condition of the international market, the falling currency market and the ever-increasing debt market another financial debacle is on the cards.
Turkey might join the league of China, Iran and many other nations who have either gone on to create a central bank-issued digital currency like China or have regulated crypto use among trade sanctions feats like Iran and Iraq.