Skip to content
  • Home
  • More
    • Enterprise Services
    • Affiliate Program
    • Official Links
    • About
  • MachinaAI

    Login
    • Home
    • News
    • Dashboard
      My Dashboard Equity Dashboard Analyst Dashboard Large Companies Portfolio
    • Smart Reports

Simplify financial decision-making

Machinary offers a modular and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

 

Register now and get free Credits

Sign up

Know the Market. Stay Ahead.

Market Insights & Analytics.

Gain access to a comprehensive retail platform with real-time updates on the stock market and critical financial metrics. Leverage advanced tools for better decision-making:

  • Overview of stock market data:Stay updated with the latest market trends and performance.
  • Monitor AI-based predictions:Access detailed company analytics.
  • Sentiment Analysis:Understand market emotions with AI-driven sentiment insights.
  • Relevance Score:Prioritize information that matters most.
  • Chatbot Integration:Get instant answers and insights through smart AI.
  • Customizable Widgets:Add or remove widgets to tailor your dashboard.
Sign up for early access

Stay Informed. Act Strategically.

Real-Time News Portal.

Unlock actionable insights with categorized, real-time news updates tailored to your needs. Stay ahead in the market with a reliable flow of information:

  • People:Explore updates about key influencers and market leaders.
  • Public Companies:Stay informed on listed corporations and their market activities.
  • Non-Public Companies:Gain insights into the operations of private enterprises.
  • Countries:Understand regional economic shifts and geopolitical trends.
  • Commodities:Monitor pricing and trends for critical commodities like oil, gold, and more.
  • Currencies:Keep track of currency fluctuations and forex market developments.
Sign up for early access

Modular Power. Limitless Potential.

Machinary empowered by MachinaCore

MachinaCore is a highly modular and scalable system that allows users to build custom widgets and tools tailored to their specific financial data needs, while seamlessly integrating with other MachinaLabs products, like Machinary, MachinaAI Modules and MachinaTrader.

Reaching new heights together.

Stay tuned for what’s coming next.

Exciting innovations are on the horizon! Stay tuned as we unveil new advancements designed to empower smarter decisions and greater success in the fast-paced world of finance.

Sign up for early access

Explore tailored enterprise solutions - that make an impact.

Exciting innovations are on the horizon! Stay tuned as we unveil new advancements designed to empower smarter decisions and greater success in the fast-paced world of finance.

Get in touch

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Links

  • Home
  • News
  • Dashboard
  • About us
  • Contact

Address

  • MachinaLabs AG
  • Viaduktstrasse 42
  • 4051 Basel
  • Switzerland

  • info@machinalabs.net
  • machinalabs.net

Newsletter

Subscription successful!

© 2025 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Predefined Themes

Layout settings

Choose the font family that fits your app.

Choose the gray shade for your app.

Choose the border radius factor for your app.

Save settings

Welcome to Machina, a platform to connect with the social world

Forgot Password?

Don't have an account?Sign Up

Welcome to Machina, a platform to connect with the social world

Already have an account?Login

  • Home
  • More
    • Enterprise Services
    • Affiliate Program
    • Official Links
    • About

China and Saudi Arabia Spearhead Global Shift Away from US Dollar, Is Bitcoin the Next Frontier?

  1. Home
  2. Bobs-News Categories Cryptocurrency Innovations
  3. China and Saudi Arabia Spearhead Global Shift Away from US Dollar, Is Bitcoin the Next Frontier?
  • bob
  • 2023-12-20
  • Cryptocurrency Innovations
  • Global Financial Events
  • Government Policies and Cryptocurrency Adoption
  • Middle East

In recent years, there has been a significant shift in the global economic ecosystem as emerging powers challenge the dominance of the US dollar in international trade. China and Saudi Arabia, key players in the BRICS alliance, are leading this movement. They have signed a currency swap agreement valued at $6.93 billion, conducted entirely in Chinese currency, Yuan. This move accelerates Saudi Arabia’s embrace of BRICS local currencies and reduces its reliance on the US dollar.

As part of the BRICS alliance’s efforts to reduce dependence on the US dollar, there is speculation about whether Bitcoin could be the next frontier in the evolving financial paradigm. Bitcoin, often referred to as “digital gold,” offers features such as limited supply, decentralization, and borderless transactions. Its appeal as a hedge against inflation and fiat currency fluctuations has grown, especially in times of economic uncertainties.

Bitcoin’s recent performance has surpassed traditional assets, with its price surging to $43,323 and a market cap exceeding $847 billion. The adoption of Bitcoin as legal tender in El Salvador has also influenced investors to consider digital assets as an alternative to conventional financial instruments.

As BRICS advances its de-dollarization agenda, the role of Bitcoin becomes increasingly relevant. The cryptocurrency’s finite supply and its appeal as a store of value amid global economic uncertainties position it as a potential alternative to traditional financial instruments.

The growing interest in Bitcoin, reflected in its outperformance of treasury bonds, stock indexes, and precious metals, suggests a shift in investor sentiment. With over 15 million Bitcoin units held by long-term investors, Bitcoin’s status as a digital asset and store of value is gaining prominence.

While it remains uncertain whether Bitcoin will become a prominent player in the post-dollar era, its growing appeal indicates that the crypto industry is evolving alongside geopolitical and economic shifts. The upcoming 2024 BRICS summit is expected to shed light on the alliance’s efforts to reshape the international financial system.



This News Article was automatically generated by Bob the Bot (AI)

Information Details
Geography Middle East
Countries 🇨🇳 🇸🇦 🇧🇷 🇿🇦 🇮🇳 🇦🇪 🇪🇬 🇪🇹 🇸🇻
Sentiment very positive
Relevance Score 1
People None
Companies United Arab Emirates (UAE), Egypt, Saudi Arabia, China, BRICS alliance
Currencies Bitcoin, Chinese Yuan, US Dollar
Securities None

Leave a Reply Cancel reply

You must be logged in to post a comment.



 MachinaTrader

A new era of trading and data analytics

Everything in one place. Highly reliable, ultra-scalable and blazingly fast!

Related Links

News Blog
Forums
FAQ
About
Privacy Policy (DSGVO/GDPR)

Our Partners
sygnal logo 40
bullishtimes logo white
© 2023 MachinaLabs AG. All Rights Reserved.
People Who like this post
  • img
img